I would like to draw your attention to an intriguing technical pattern that has formed on the charts: the Double Top Pattern on the Golden Pocket. This pattern combines the classic Double Top formation with Fibonacci retracement levels of 0.618 and 0.65, creating a potentially significant trading opportunity.
A double top pattern is a bearish reversal pattern...
as i was helping someone better understand some of these terms, like golden pocket...
actually ill skip it. okay the SPY, everyone's favorite!... (to play 0dtes on) jk, i do it too sometimes.
This is a great example of a "high probability set up" . when you have multiple indicators pointing to the same thing.
we have not 1 not 2 not 3 but 4! indicators all...
I am long on this sweep that formed a 4H bull div, and pixel tapped the golden pocket.
Would like to shave a bit of profit at my $30.5k level, reload some more on one of the higher lows, then hold the position to $32k and possibly reduce, then add again on a higher low before we rip above $32k.
If my strategy here fails the next level I will be watching to go...
ES1! Fibonacci Levels on 6wk horizon. Confluence observed with PA in sustained level between Key SMAS 20, 200. Confluence observed with 0.618 and 0.5 with areas of fair value. Reliability of measure supported using linear regression with pearsons r of 0.97554. A bear flag would be confirmed with breach of sigma 2 :3888.50 and KLs 3973.75, 3515.50 (and rediscovery...
We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and...
Watch for 2010, Formation of HH (HL formation in progress)
Support from trendline (Falling Wedge Top)
Support from Golden Pocket
First Green candle on Heikin Ashi (HL formation in progress)
Expected rebounce from fib retracements (91.3, 90.1)
AB=CD Target
This chart is a creative venture. I did something a little different. I pulled a volume profile for the entire uniswap history of VAL token. I then pulled a FIB range on that revealed VAH and VAL area (value area high, low).
It is creative in the sense that I want to see if the total buying and selling data from the volume profile will be respected in the future...
Hi everyone,
Clean wedge formation & looking for the 3rd drive into supply printing the local top and a reversal candle into next week down to $23,800 with a capitulation wick into the golden pocket .618 fib around $23,350 where buyers step in for a short squeeze.
History repeats itself.
If the Total (Cryptocap) goes down from 1.15Trillion into the lower range,
then i see this scenario being possible.
Make sure to watch the total market for "confirmation". Don't just fomo in.
The volume profile reveals where the most buying and selling has occurred, the VAH (value area high), the VAL (value area low) and the white line...
SPX in a rising wedge, same as BTC could see a rally to the top of the wedge and breakdown on the new moon/Vernal Equinox. Typically we see a local bottom/rally on the first new moons of the new quarter. The measured move of a breakdown of the rising wedge brings the SPX into the golden pocket retracement level which could get hit on the full moon of April 6th...
The bulls tried several times to break the strong resistance level of $1700 but failed to do so. However, it has now retraced to the golden pocket area, presenting a favorable long opportunity with the potential to surpass the $1700 resistance leve this time. If successful, the next target level could be the psychological mark of $2000.
The bullish bias for ETH...
ETH has faced significant resistance at the key level of $1700, marked by the June 2021 low. Despite repeated attempts we failed to break through this level, leading to a swing failure at the November 2022 high.
This failure has resulted in a retracement to the liquidity zone at $1500 (Key Level), which is also the median line of the channel. Additionally, there...
A potential reversal is expected after long bearish journey
Support Zone
Golden Pocket (fib levels)
Triangle Target Completion
High Volumes are observed
Good trade potential with tight SL for high Risk Reward
short term and long term levels are specified.
trail stop loss while price makes HH and HL (bullish dow formation)
Hello Bitcoin traders,
Bitcoin has been very bullish for the past two days, but always be ready for a correction because many signals show that it is still overbought (see my previous post for 4 signals).
With the Fibonacci Retracement, we see many moments where the principal lines served as support or resistance for the price. The price has now reached the...
In this ETH/USDT chart, we use the Fibonacci Retracement to look at resistance and support levels and try to predict what will be Ethereum's next move.
We see resistance at 0.65 (price at 1.7k), 0.786 (price at 1.8k), and at the "GOLDEN POCKET". What is the Golden Pocket? It is an area between 0.618 and 0.65 where significant reversal often happens, and in...
Going to keep this simple. We have a touch on the bottom of the descending parallelly channel, a major horizontal support line, and the golden pocket. This is a very bullish setup for TSLA to bounce. Stops should be placed below golden pock with the right position size and risk management to protect your account incase the bears manage to push the price through...
I think this is a nice possible short to at least ~1275, the take profit levels are based on the golden pocket fib level as I have explained on chart and I can see the price going there. But, my first take profit will be ~1275, because I think there can be a bounce there. I think stop loss needs to be tight here since it's based on double top.
Notes:
The path I...
![1150: 1150 (ALINMA BANK) [Potential Reversal]](https://s3.tradingview.com/b/bRkmFEQc_mid.png "1150 (ALINMA BANK) [Potential Reversal]")
