Bullish bias to the upside based on Fibs. 1st Impulse Fib retracement from Impulse low to high gave a breakout from 0.382. With a Fib extension 1:1 upside target of 24.1K. 2nd and current impulse Fib retracement from Impulse low to high giving a current possible breakout from 0.382. With a Fib extension 1:1 upside target of 28K. Also worth noting is swing low...
This is a very good looking setup, we have POI with: 1. Already reversed trend, now we have series of HHs and HLs 2. daily 50EMA 3. 61.80% fib level of previous leg 4. Structure As aways, candle rejection is needed for entries, so if the price makes consolidation at this level, I will for sure jump in longs.
Work in progress moderators. Step 1 : Support 1. 1. Speed resistance fan drawn from monday 8 Feb 2016 to high 18 feb 2020. Support at 0.75 fib low 23 March 2020. 1.2. Speed resistance fan drawn from 23 March 2020 low to swing high (recent) Monday 10 jan 2022. Possible support at 0.75 speed fan. Step 2: Resistance 2.1. Trend based extension from low monday 8...
Fib pulled from high to low retracment level .. For a Probable uptrend move. Fib match to a daily. x
looking for 3,830 to catch the move down, appears to be 2 leading diagonals in place as Wave A & C should at least test the 50% of the zig zag starting point wave A which is where the 5th wave diagonal should end.
AN offers a really good long setup. The confluences are: 1.ascending channel 2.break and retest of S/R zone 3.daily AND weekly 50EMA laying on this level 4.61.8% fibs So we just need to see rejection candles at POI for entries. The only thing I don't like is the bearish momentum. The last daily candle is Marubozu candle, a very dominant candle sooo I'll be...
On a daily time frame, GA has formed H&S and it's in a downtrend, so overall bearish setups are preferred. Price is now on a very good position for sells, we have: 1. Clear downtrend 2. Retesting a structure 3. 4H 50EMA 4. 50% fibs 5. Bigger pattern in play All I want so see is 30m wedge or pennant just so price can move sideways to touch the trend line, and ofc...
Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups. So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA. Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to...
Looking for a sell from the 50% Fib, lines up nicely with the strong intraday key level.
If you place a fib from the bottom of the prior run to the top of the next, the lowest price BTC retraces to in the next run is between the 786 and 886 twice. This is true of all previous runs. BTC hasn't reached the price between the current 786 and 886 yet twice, so I think a retracement to the 12k-15k range may be possible before a bigger run to the upside.
Red short term green long term range with Fibs and Fib Resistance Fan. Bottom and support below the ranges. On the basis of my current knowledge. Bias on sideways price action, and potential bullish. Not accounting for down trending price movement. 0.75 Fan a support.
ABCD Pattern with 0.382 Fibs and 1.27 past fib high, current probable 1.27 fib high, -0.236 past fib low and probable current -0.236 fib low. Interesting fibs. Target bottom approx 97.50 target top approx 111.80 Added the Speed Resistance Fan for confluence. Pretty much made up based on High and Low, not sure about this, but it does have confluence against the...
Based on -0.618 support level. Possible play out with support and resistance. Obvious support -0.618. Mid level resistance -0.236 and 0 fib. Upper range 0.618 with a support back to -0.236. Also 2 Fib channels. 0.618 the bottom of the first upward channel. This is a Bullish bias, use -0.618 as a support level.
Negative and Expansion Fibs .. Gold you beautiful thing!
Falling wedge coming and possible 0.618 retracement. Not over analysing and with no confluence on daily, weekly, and monthly support but an idea for a long on on 0.618 and general idea for dollar move. More analysis needed!
imo, time fibs are an incredibly helpful tool and not enough traders use them. full moves typically occur in 3 full time waves. take the first wave to get your time scale. wave 2's are typically similar time length of wave 1. rest of the breakdown on the chart.
Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys. Confluences are: 1. Daily 50EMA touch 2. Nice break and retest of S/R zone 3....