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Fibonacci

NQ Power Range Report with FIB Ext - 12/10/2024 SessionCME_MINI:NQZ2024 - PR High: 21482.00 - PR Low: 21458.75 - NZ Spread: 51.75 No key scheduled economic events +240 point fade from ATH back near Friday's low - Nearing QQQ 520 daily gap - Holding auction at previous session lows Session Open Stats (As of 1:15 AM 12/10) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 262.31 - Volume: 18K - Open Int: 282K - Trend Grade: Bull - From BA ATH: -0.8% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22096 - Mid: 20954 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024
by mv3trader5
$SPY December 10, 2024AMEX:SPY December 10, 2024 15 Minutes. 605 as expected was done. Downtrend confirmed as long AMEX:SPY is below 607 levels. 607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08 This 606-607 is a level to short. For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels. Soif 604 is broken today 599-600 is my target for today. In daytime frame AMEX:SPY took support at 9 averages. 21 average is 598 levels. For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes. We have an oscillator divergence at close. price made LL but oscillator did not support. So, i expect a pull back at open.
AMEX:SPYShort
by RiderTrader
16
Daqo New Energy Corp. | 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 # Daqo New Energy Corp. - Double Formation * Trend Lines 2X | Descending | Subdivision 1 * Bottom | Top Structure At 17.90 USD - Triple Formation * Retracement 50% | Uptrend Bias | Subdivision 2 * Left & Head | Right Pattern Continuation * Neckline At 17.60 USD | Short Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:DQShort
by TradePolitics
Prepare to go long gold nextBros, today is destined to be an extraordinary day. Our short position turned from profit to loss, and then successfully turned loss into profit again! Indeed, when gold broke through 2675, I changed from calmness at the beginning to nervousness, but I saw that gold failed to continue to break through several times, so I chose to add positions near 2675 to short gold again. Obviously, it turned out that my trading idea was correct. Gold then gradually fell back and has now reached around 2660. I just closed my short position manually near 2660. Although gold may continue to fall back to the shock range, the 2660-2655 area below has been transformed into a support area, so to avoid gold rebounding again with the support area, I no longer took risks and manually closed the order near 2660 to lock in profits in time. Although there were some twists and turns in the trading process today, the results proved that I was right, so we were able to successfully turn losses into profits in the gold short trading! A very good trading experience, the most satisfying is turning losses into profits! If you follow my trading strategy, I believe you have also made a good profit, congratulations! Then next, if gold cannot effectively fall below the 2660-2650 area during the decline, then I may look for a suitable opportunity to go long on gold! Bros, have you followed me to short gold? So how do you trade gold next?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
$45 is the new baselineExpectations are that PLTR will hit near $80 before taking a pause in its meteoric rise. It decisively went through the 1.618 fib and wants to reach the 1.886 fib projection. The cup formation has create a new bottom at $45. Institutional traders and market makers will be hard pressed to drive it below this new baseline. If they do, then unless the fundamentals of what PLTR provides as a service, changes, then anything below $45 is a back-up-the truck moment to buy. Right now this dramatic price action is because of the one-time inclusion into NASDAQ, which means funds and etfs need to buy it. Also institutions need to buy it to, to mirror whatever indices they follow. PLTR = efficiency Trump and Co. will be looking to optimize every federal gov agency and department. That's what PLTR does, and the federal government has deep pockets to buy what PLTR pedals. They've proven themselves in the military space already, and are now applying that commercially. Same basic tech, but rebranded. Throw in a bit of "AI" buzzword into the sales pitch and high level management everywhere will think this is the cat's meow in terms of offering a competitive advantage. Basically, the perfect storm for incredible growth at least for the next 18 months. Will hold and re-evaluate once we hit $80.
NASDAQ:PLTRLong
by ep7
1
GOLD → Resistance Retest. False breakthrough?FX:XAUUSD lingers inside the consolidation and channel 2660 - 2615. Technically, speculators are confused. The fundamental background is mixed. What's next? Focus on the escalating conflict in Syria, which has led to the overthrow of the Assad government and the end of the long-running Civil War. Risks regarding the Middle East are still quite high despite the ceasefire between Israel and Lebanon. Fundamentally, despite Friday's better than expected NFP, markets are 80% likely to expect a 0.25% Fed interest rate cut. In the week ahead, all eyes are on economic data such as CPI and PPI. Technically, I don't see any reason for the price to break out of this consolidation. Accordingly, I expect a false breakout with a high degree of probability. Resistance levels: 2655, 2660, 2667 Support levels: 2636, 2615 The price has passed 0.85% since the opening of the session. There are no reasons for the resistance breakout. There is also no potential for a breakout. Accordingly, based on the available data, there is a high probability of a decline from the key resistance zone. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
27
Friends who hold short positions in gold, what should we do now?Bros, gold once rose to around 2676, but fortunately it has started to fall back now. To be honest, today's gold trading is in trouble. I originally wanted to short gold around 2660 now, and then go long gold around 2645 after gold fell back. However, gold only touched 2653 several times during the decline and then rebounded again. So I have held my short position until now, and then added the same position around 2675 to continue shorting gold. Once put me in a passive position in today's gold trading. The better thing now is that gold has started to fall back to around 2668. Although I still have floating losses, it is much better than just now! Come on, brothers! We still have hope for turning losses into profits, so wish us good luck! Bros, do you think my gold short position still has a chance to turn losses into profits?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Alikze »» SUSHI | Reverse head and shoulders pattern🔍 Technical analysis: Reverse Head and Shoulders Pattern - Reversal Motivational Wave - According to the analysis presented before , after filling the FVG gap, wave 3 continued up to the 0.47 range of the 100 Fibo zone. - After creating demand in the range of 100 Fibo, it has encountered a motivational wave. - It is currently in an uptrend, which has faced a temporary correction after breaking the supply zone. Due to the upward trend, it can encounter the bottom of the channel and meet the demand again and continue its upward trend until the next supply area. - This upward trend can continue in the range of 1.56. 💎 Therefore, by breaking the supply area (red box) and after pulling back to it, it can continue its ascent to the next supply area. ⚠️ Note: In addition, if this modification touches the "Invalidation LVL" area, the ascending scenario will be invalidated. ⚠️ »»»«««»»»«««»»»««« 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:SUSHIUSDT
Long
by alikze
6
I've already started shorting gold,and you?Bros, as I mentioned in my last article, gold rose to around 2660 as expected, but did not effectively break through, and the overall situation is still in the range of fluctuations. So in terms of trading, as I said in my last article, although from a structural point of view, it is conducive to supporting the rise of gold. But I did not chase the rise of gold directly. On the contrary, according to my trading strategy, I took 2660-2670 as the resistance area and shorted gold at 2660.33 as the transaction price. On the other hand, gold is in the range of fluctuations, so if gold wants to continue to rise, it must increase the liquidity of long positions, so gold needs to fall back to attract more long funds, so gold still has the need to fall back. Bros, have you also shorted gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Unsustainable FOMO - Go Short at $80Palantir, a current darling of wall street, with impressive customer/revenue growth in their AI analytics platform along with impressive government contracts. It's easy to see why PLTR has been a great trade for 2024, but with a forward PEG ratio of +9 and forward P/E ratio of 236 for fiscal year 2025, no wonder most fundamental analysts are saying stay away... I'd like to go short when the FOMO stops and the tape shows a blow off the top near ~$80/share. Trade short with an initial target of $65 and then $55.
NASDAQ:PLTR
by Audacity618
5
Eyeing breakout levelThe price action has formed a bullish flag pattern (Weekly), with the current levels reaching a critical Fibonacci retracement zone. After a sideways trend within the flag, I'm eyeing a potential breakout . A confirmed break of the flag pattern could lead to a continuation move, targeting the clone area of the rectangle box in shortTerm & clone area of a flag pol in medium to longTerm, indicating further upside potential. The pattern may also resemble a triangle formation for the short term, which reinforces the likelihood of an upcoming bullish breakout. I also mentioned my 2nd chunk of buy if it breaks down & reach the level of . Note: I know, I'm not good in drawing :-D Anyhow, I'm still learning, so if you have any suggestions for improvements, Please let me know, I’d appreciate your feedback. Thank you! #PTL #GTYR
PSX:PTL
by PSX_Learner
Again in Buy Area offloaded chunkAfter successfully completing the AB=CD pattern, the stock is now entering a potential buy zone. Why Buy Range? It's based on Fibonacci retracements: 38.2% of the long wick and 61.8% of the short-term move (CD, which was clone of AB). However, I'll also be happy if it comes down in my 1st buying area which i already offloaded :-) Note: I'm still learning, so if you have any suggestions for improvement, Please let me know, I’d appreciate your feedback. Thank you! #GTYR #PTL
PSX:GTYR
by PSX_Learner