Get started

Fibonacci

TSLA: PatternsREGULARITIES: Fractal Cyclicality Before offrange breakouts it completes 2 sub-cycles Distinctive cup on top 1st sub-cycle and inverted one at the start of 2nd sub-wave (separating the phases) Fib Mapping: Fractal I Fractal II Fractal patterns are approximations and are not solely about predicting price movements on the Y-axis; they also encompass the frequency of reversals on the X-axis. The timing of smaller cycles, which serve as the building blocks of these patterns, holds greater significance than the overall composite price changes.
NASDAQ:TSLA
by fract
18
TRB Tellor to 320x super fast?- Unbelievable! Uncut Gem!!!TRB did a massive 80x starting Jun 2023 till Dec 2023 in 200 days! It has been consolidating for 350 days since its peak. There is a massive Elliot wave at play since Nov 2019(12345 on the chart) on the weekly where it has respected the 61.8 fib level and has started it's third wave which is the most aggressive and the most rewarding wave. We all know that all waves form smaller Elliot Waves within their paths and the and TRB just concluded its 2nd wave on the short term (ABCDE on the chart) with a breakout and retest. The short-term 3rd wave (B-C) is yet to begin and could take TRB up pretty quick and fast. With massive crypto exposure and adoption and the Alt season starting, this is an Uncut Gem that is way undervalued! DYOR before you ape into this amazing project!
BINANCE:TRBUSDLong
by KRAKENTHETRADER
EURUSD Wave Analysis 11 December 2024 - EURUSD reversed from resistance zone - Likely to fall to support level 1.0450 EURUSD currency pair recently reversed down with the long-legged Doji from the resistance area between the upper daily Bollinger Band, pivotal resistance level 1.0610 (former multi-month support from April) and the 50% Fibonacci correction of the downward impulse from the start of November. The downward reversal from this resistance zone started the active minor downward impulse wave 3. Given the strength of the aforementioned resistance area and the clear daily downtrend, EURUSD currency pair can be expected to fall further to the next support level 1.0450 (low of the earlier minor correction b).
Short
by FxProGlobal
RUNE tps for this bullbased on past bulls experience I believe fibs and cyclical highs and lows are the best levels to set for profit taking. yes, I do believe in decentralisation and crypto - its utility and potential but I will not bag hold, thinking ahead of time for the next bear/shopping market taking also in consideration my spot avg entry and bag size, these are my tp levels and respective bag %s for $BINANCE:RUNEUSDT. once i get sls/trailling stops I will update the chart, too soon to plan for those do as you please with it 🤝
Long
by matasa_qt
INJ tps for this bullbased on past bulls experience I believe fibs and cyclical highs and lows are the best levels to set for profit taking. yes, I do believe in decentralisation and crypto - its utility and potential but I will not bag hold, thinking ahead of time for the next bear/shopping market taking also in consideration my spot avg entry and bag size, these are my tp levels and respective bag %s for $BINANCE:INJUSDT. once i get sls/trailling stops I will update the chart, too soon to plan for those do as you please with it 🤝
Long
by matasa_qt
4
Alikze »» Link | Scenario wave 1 of 3 rising - 1D🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D - It has been moving in a downward channel on the daily time frame. - Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step. - This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended. - Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising. 💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken. ⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️ 💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:LINKUSDT
Long
by alikze
XAGUSD Buy SetupTime Frame: - H4 & Daily : FVG Identification - H1 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 31.52, indicating a bullish in market sentiment. 2. Fair Value Gap (FVG): On the Daily chart noted a Fair Value Gap (FVG) between 31.43 - 31.70. On the H4 chartnoted a Fair Value Gap (FVG) between 31.15 - 31.55. 3. Position: Entry after Bullish Engulfing Candle: 31.70 Stop Loss : 31.40 (below daily FVG) Take Profit: 33.00 (below fibbo 1.618) RRR : 1:4.3x Additional Note: Stop Loss is within H4 FVG. ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
FX:XAGUSDLong
by Phoenix-Rise-Trade
Fibonacci Trend Trading Strategy for NVIDIA (NVDA)Objective: To capitalize on the momentum following a breakout or breakdown from key Fibonacci levels, particularly focusing on the 0.764 level which NVDA has recently broken down from. Strategy Outline: Setup: Timeframe: Daily chart for broader trend analysis. Indicators: Fibonacci retracement levels (0, 0.236, 0.382, 0.5, 0.618, 0.764, 1.0). Lookback Period: 90 days for calculating Fibonacci levels. Entry Conditions: Long Position: Enter when the price crosses above the 0.236 Fibonacci level after a recent dip below 0.764, indicating a potential reversal or strong bullish momentum. Short Position: Enter when the price breaks below the 0.764 level, as seen in your chart, signaling a strong bearish trend or continuation of the downtrend. Exit Conditions: Long Exit: Exit if the price breaks below the 0 level or shows signs of reversing back below the 0.236 level. Short Exit: Exit if the price breaks above the 1.0 level or shows signs of reversing back above the 0.764 level. Risk Management: Stop Loss: For longs, place a stop loss just below the 0.236 level. For shorts, place a stop loss just above the 0.764 level. Position Sizing: Adjust based on your risk tolerance, but typically, risk no more than 1-2% of your trading capital per trade. Additional Confirmation: Use RSI (Relative Strength Index) for confirmation: For longs, ensure RSI is not in the overbought territory (>70). For shorts, ensure RSI is not in the oversold territory (<30). Trade Execution: Long: Execute buy order when the price closes above the 0.236 level with a confirmed upward trend. Short: Execute sell order when the price closes below the 0.764 level, confirming the bearish trend. Monitoring: Regularly monitor the positions for any unexpected news or volume spikes which could affect the stock's movement outside of the technical setup. Strategy Rationale: The Fibonacci levels provide clear support and resistance zones which are crucial for trend analysis. Breaking below a significant level like 0.764 often indicates a strong bearish sentiment, while bouncing back from such levels could signal a bullish reversal. Using RSI helps in avoiding false breakouts or breakdowns by ensuring the market isn't already overbought or oversold. This strategy leverages both technical analysis and risk management to trade NVIDIA based on its recent price action against Fibonacci levels, aiming for high probability setups with defined risk parameters.
NASDAQ:NVDA
by stocktechbot
Sherwin-Williams | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Sherwin-Williams - Double Formation * 270.00 USD | Support Area | Subdivision 1 * Neckline | Uptrend Bias - Triple Formation * Flag Structure | Continuation Area Attempt | Subdivision 2 * 400.00 USD Resistance Area * Triple Bottom | Retracement 50% | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:SHWLong
by TradePolitics
Technical Analysis Report: Balmer Lawrie & Co. Ltd.Overview: Balmer Lawrie & Co. Ltd. is showing key technical setups, offering potential trading opportunities. Here's a concise breakdown based on the daily chart analysis. Key Observations: 1.Fibonacci Retracement: The stock retraced to the 0.5 level at INR 225.00 and rebounded from the 0.382 level (INR 202.40). 2.Chart Patterns: An inverse head-and-shoulders pattern signals potential reversal, with a target of INR 263.45 if INR 249.54 is breached. 3.Moving Averages: Near-term support: 20-day EMA (INR 232.30) and 50-day EMA (INR 238.84). Resistance: 200-day EMA (INR 245.56), aligning with the pattern neckline. 4.RSI Momentum: RSI at 58.36 suggests mild bullish momentum, with room for upside. Key Levels to Watch: Resistance: INR 249.54, INR 263.45, INR 279.95. Support: INR 238.00, INR 225.00, INR 202.40. Potential Scenarios: Bullish: A breakout above INR 249.54 could lead to INR 263.45 and potentially INR 279.95. Bearish: A rejection near INR 249.54 may push prices back to INR 238.00 or lower. Volume Analysis: Rising volume indicates renewed buying interest, supporting a bullish outlook. Conclusion: Balmer Lawrie & Co. Ltd. is poised for a potential breakout above INR 249.54. Traders should monitor key levels closely and manage risk accordingly. Disclaimer: This analysis is for educational purposes only and not financial advice. Conduct your own research before investing.
NSE:BALMLAWRIELong
by AngshumanSaikia
How Can You Use a Break and Retest Strategy in Trading?How Can You Use a Break and Retest Strategy in Trading? Trading strategies help traders navigate the financial markets with greater confidence. One such approach is the break and retest strategy, which focuses on key support and resistance levels. This article explores the break and retest strategy in detail, providing insights and practical examples to help traders apply it in their trading activities. Understanding the Break and Retest Strategy The break and retest strategy is popular among traders who aim to capitalise on clear market movements. At its core, this strategy revolves around identifying key support and resistance levels on a price chart. Here’s how it works: When the price breaks through a support or resistance level, it signals a potential shift in market sentiment. For example, if a stock breaks above a resistance level, it suggests increasing buying interest. Traders then watch for the price to return to this newly broken level—known as a retest in trading. During the retest, the former resistance now acts as support, providing a potentially more attractive entry point for traders looking to join the trend. This strategy aligns well with trending markets, where prices move consistently in one direction. It allows traders to take advantage of momentum while managing their entries potentially more effectively. The Mechanics of Break and Retest Trading Implementing the break and retest strategy involves a clear sequence of steps that traders follow to identify and act on potential market moves. Here’s a breakdown of how this strategy typically operates: 1. Identifying Key Levels Traders begin by pinpointing significant support and resistance levels on their charts. Accurate identification is crucial, as these levels form the foundation of the strategy. 2. Monitoring for a Breakout Once the key levels are established, traders watch for the price to break through one of these barriers, in line with a broader trend. A breakout occurs when the price moves decisively above resistance or below support, often accompanied by increased trading volume. This surge in volume indicates stronger market interest and can validate the breakout’s legitimacy. 3. Waiting for the Retest After the breakout, the price typically retraces to test the broken level. For instance, if the price breaks above a resistance level, it may pull back to that same level, which now acts as support. This retest phase is critical as it offers a second confirmation of the breakout’s strength. 4. Confirming the Retest During the retest, traders look for confirmation signals to ensure the breakout is genuine. These signals can include specific candlestick patterns, such as pin bars or engulfing candles, and continued high trading volume. Successful confirmation suggests that the new support or resistance level will hold, increasing the likelihood of a sustained trend. 5. Entering the Trade With confirmation in place, traders often enter the market, aiming to ride the new trend. They may set stop-loss orders slightly below the new support (in the case of a breakout to the upside) or the new resistance (in case of a breakout to the downside) to manage potential risks. 6. Managing the Trade Effective trade management involves setting target levels based on previous price action and adjusting stop-loss orders as the trade progresses. This helps to lock in potential returns and potentially protect against unexpected market reversals. Break and Retest Example Strategy Consider this EURUSD 15-minute chart, which displays a clear bearish trend. This trend is highlighted by the 50-period Exponential Moving Average (EMA) sloping downward, with the price generally staying below it. Recently, the price broke below a key support level on higher-than-average volume, signalling a potential opportunity for traders to apply the break and retest strategy. In this scenario, there are two support levels to monitor. The first is a more significant support level. Trading at this level can allow traders to enter the market quickly, though it comes with a less favourable risk-reward ratio. The second support level is found within the recent brief retracement. This level offers a better risk-reward ratio, but there's a chance the price may not retrace deeply enough, potentially causing traders to miss the trade. The entry point is identified by a candle with a wick longer than its body (a pin-bar on the 30m chart), indicating rejection of higher prices as the market retests the second broken support level. Once this candle closes, traders can enter a market order. Stop losses would typically be placed either above the last major swing high or above the 50-period EMA, depending on individual risk tolerance. Take-profit targets could be set at a 1:3 risk-reward ratio or at the next significant support level, where a price reversal may be anticipated. Improving the Break and Retest Strategy Enhancing the break and retest strategy involves integrating additional tools and techniques to refine trade decisions. Here are several methods to consider: 1. Incorporating Additional Indicators Using break and retest indicators like the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) can provide valuable insights. For instance, an RSI crossing below 70 during a bearish breakout may indicate weakening momentum, supporting the retest. Similarly, the MACD crossing above its signal line or the MACD histogram rising above 0 can confirm the uptrend’s strength, aiding in more precise entry points. Explore these indicators and more than 1,200+ trading tools in FXOpen’s free TickTrader trading platform. 2. Multi-Timeframe Analysis Examining charts across different timeframes helps in gaining a broader market perspective. A breakout observed on a 4-hour chart gains additional confirmation when a strong trend is also visible on a daily chart. This alignment across timeframes increases the reliability of the trade setup. 3. Utilising Fibonacci Retracements After a breakout, prices often retrace deeper into the previous high-low range—not always to the most extreme point. Applying Fibonacci retracements to the high/low of the breakout (high in a bearish breakout and low in a bullish scenario) and the new low or high can help identify optimal retest points, particularly at the 38.2%, 50%, and 61.8% levels. These levels typically offer better risk-reward ratios compared to the extreme points. 4. Incorporating Fundamental Analysis Supporting technical breakouts with fundamental factors, such as economic reports or news events, strengthens the strategy. For example, a breakout aligned with positive economic data may have a higher probability of sustaining the new trend, providing traders with greater confidence in their decisions. Advantages of the Break and Retest Strategy The break and retest strategy offers several advantages that can enhance a trader’s approach to the markets: - Increased Confidence through Confirmation: The retest serves as an additional validation of the breakout, boosting trader confidence in their entry decision and reducing hesitation. - Better Risk Management: Setting stop-loss orders based on the retest level provides a clear risk boundary. This structured approach aids in potentially managing losses. - Alignment with Market Trends: This strategy naturally aligns trades with the prevailing market trend. By trading in the direction of the breakout, traders can take advantage of sustained movements. - Versatility Across Markets: The breakout and retest strategy can be applied to various financial instruments, including forex, stocks, and commodities. Its adaptability makes it a valuable tool in diverse trading environments. - Scalability and Flexibility: This strategy can be adapted to different timeframes and trading styles, making it suitable for both short-term and long-term traders seeking to implement a consistent approach. Potential Challenges and Considerations While the break and retest strategy can be a powerful tool, traders may face several challenges when implementing it: - False Breakouts: Not every breakout leads to a sustained trend. Sometimes, the price moves beyond a support or resistance level only to reverse shortly after. Recognising these false signals is crucial to avoid entering trades that may quickly turn against expectations. - Market Conditions: According to theory, this strategy performs best in trending markets. In sideways or highly volatile environments, breakouts can be less reliable, making it harder to distinguish genuine opportunities from random price movements. - Timing the Retest: Accurately determining when the price will retest the broken level can be challenging. Entering too early may expose traders to unnecessary risk, while waiting too long might result in missed opportunities if the retest doesn't occur as anticipated. - Reliance on Confirmation Signals: While additional indicators like RSI or MACD can enhance the strategy, over-reliance on these tools can complicate decision-making. Traders need to balance multiple signals without becoming overwhelmed or confused. - Emotional Discipline: Maintaining discipline during retests is essential. Traders might feel pressured to act quickly if the market moves unexpectedly, leading to impulsive decisions that deviate from their trading plan. The Bottom Line The break and retest strategy offers a structured approach to navigating market movements, combining precise entry points with effective risk management. By understanding and applying this method, traders can potentially enhance their trading decisions and align with prevailing trends. To put this strategy into practice across more than 700 markets, consider opening an FXOpen account and gain access to four advanced trading platforms, low trading costs, and rapid execution speeds. FAQ What Is a Retest in Trading? A retest occurs when the price returns to a broken support or resistance level after an initial breakout. It serves to confirm the strength of the breakout, helping traders decide whether the new trend will continue or if the breakout was false. What Is the Break and Retest Strategy? The break and retest strategy involves identifying a breakout of a key support or resistance level and then waiting for the price to return to that level. Traders use this retest as a confirmation to enter the market, aiming to follow the new trend with reduced risk. What Is the Win Rate of the Break and Retest Strategy? The win rate of the break and retest strategy varies depending on market conditions and how the strategy is applied. Consistent application and effective risk management are crucial for achieving better results. How Many Times Should I Backtest My Strategy? Backtesting should be done extensively across different market conditions and timeframes. According to theory, traders need to test a strategy on at least 100 trades to ensure its reliability and to understand how it performs in various scenarios. Does the Market Always Retest? No, the market does not always retest broken levels. While retests are common, they are not guaranteed. Traders should use additional confirmation signals and be prepared for both possibilities when applying the break and retest strategy. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
BTCUSDT 100K resistance zone and ATH can dump the priceAs we can see price now is near 100K$ resistance zone and ATH resistance and we can expect short-term fall now to the targets like 90K$ or more dump even like the prices mentioned on the chart. long-term BTC is still bullish and after range for couple of weeks and correction and short-term fall we can expect breakout of ATH and targets like 120K$. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Short
by MMBTtrader
5