shamgar331

shamgar331

Using multiple fibs from multiple time frames, we should see a pull back at $18858 while heading toward the 5th wave at $19319 with a pause/correction around $19115 Blue line from wave 3 to anticipated wave 5 is the same length as wave 2 to wave 4. Therefore arriving at $19319 - final 5th wave. Starting at the bottom of wave 4 using Fib extension, we plot...

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Gold is in the middle of a 5th wave Watch for reaction levels at 1. $2144 2. HKEX:2263 before heading to the final 5th wave at TWSE:2419

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Sharing monthly Nasdaq levels of interest using Fib retracement tool. From 2003 low/2007 high/2009 low. See how the market respects every fib level. How it misses a response at the 6.618 in 2020 to come back to it in 2020. If $16895 isn't hit soon, $12471 will be next

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Looks like we just completed a leading diagonal (1 / A ) corrected (2 / B ) and heading to new highs ( 3 / C ) If we don't take out $274 to form a larger correction, this should be a long 5 wave all new highs move. Looks very impulsive to me. $355 is the 100% of (1 / A )

shamgar331

This is fairly clear wave count. Each retracement took about the same amount of time. It appears we are completing the end of the 5th wave(estimated blue path) Although right below the current price, we "can" say 5 waves are complete. In the green rectangle is a fair value gap. I'm assuming price will pass through this area toward 4.34% 4.34% is the .786 fib of...

shamgar331 Updated 

from the weekly chart, clear breakout. Fundamentally, debt ceiling funding hasn't impacted equities. From what I understand, when TGA is replenished and Fed continues QT - liquidity should start draining the system which should bring equities down...but until then there is still liquidity. technically, Fib levels are revealing and on point. If this is a 3rd wave...

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Middle of wave v of 3 Once wave 3 completes, we should see wave 4 an A-B-C movement toward 87-90 before we see a final 5 wave move down toward 81. 81.32 is the low from Jun 2002! 81.13 is the .18 fib retracement tool stretched between fib extension tool

shamgar331 Updated 

Sharing fib downside levels to be aware of. This starts out with a Fib extension tool starting from Dev 07, 2021 Here are the 3 prices if you want to place on your chart. $155.12 $152.52 $151.47 If we break 93.88, look for more downward pressure toward $90.44. This price may be a turning point. It's very common for price to reversal(for a short time) at 50%...

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Sharing how Fib extension can catch tops and bottoms / support and resistance. Here we have the 2yr bond yield with the 3 pivot points (marked by blue price notes) for the fib extension at Mar 24 low, Mar 31 high and Apr 05 low. Last nights .5-ish move was suppressed by the Fib 3 boundary. From an elliott wave perspective, there are so many 1-2 waves from the...

shamgar331

We are near the end of completing a complex correction consisting of several 3 wave structures. I'm labeling them A-B-C-D-E. It could also be abcXabc; but in any case the trend and prediction is down. I'd like to see the correction take as long as the impulse. July 3rd is at a minimum the same length of time. Destination for wave E is in the green box 1. is...

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Watch these reaction levels on BTSUSD, based on Fibonacci To the high side 1st level $24337 2nd level $24841 Low side where we can find support 1st level $23377 2nd level $22235 3rd level $21338 4th level $20079

shamgar331

Sharing important support and resistance Fib levels to watch for High levels 1 $ 2079.60 2 $ 2280.93 Low levels 1 $ 1813.88 2 $ 1731.80 3 $ 1649.71 4 $ 1532.86 (apr 2024) You can take these levels and place a Fib retracement tool between them to get more granular on say a daily or 4hr chart. I'm labeling Elliott waves with the...

shamgar331 Updated 

Please take note of the levels for Target. Each Fib is a probable area for a reversal or if you are shorting/ buying puts; areas to take profit. Possible upside target; Watch for $181 to be revisited. Downside targets; $130, $105, $79, $44

shamgar331

BTCUSD hit the fib 8 level and paused. Why. If you are a trader learn the skills of using the Fibonacci extension tool. As you can see, the tool has been greatly modified where levels have been expanded to show the Fibonacci numbers (1,2,3,5,8,13,21,34,55) "Thank you TraingView for awesome user-modifyable tools!!" I've placed the high, low, high in blue using the...

shamgar331 Updated 

Gold is finalizing a zigzag (A = C) correction at $1667. This is probably the close for the week ending July 29. Then there is an hourly close/wick hitting $1648 (Fib 13 off a Fib extension from the first bearish impulse). We should see Gold rocket then. If the reaction is a strong bullish daily candle, this will be Wave 1 of a long bullish gold trend for years to...

shamgar331

Log scale monthly Trend channel from the early 2000's, cloned and stacked on top to form 2nsd channel strong bullish candle in October, with weak follow in Nov and so far this month of Dec 2022. We're at the top of the channel. Technically is a higher probability short since we have 5 waves up from the low in Jan 2021. Near-term: Target would be Fib 13 at...

shamgar331

Just sharing the initial trend channel from 1954 in log scale, then cloning the channel and stacking on top of each shift in time. critical juncture: the counter trend to the next trend line (orange dotted line) shows Apr 2025

shamgar331

It's no wonder why JXY bounced at $67, the .618 fib is a powerful level - look like an Elliott A-B-C ZigZag. Expect continued bullishness toward $75.5