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Fibonacci

Gold swing trade target 560 pips This week we are looking to sell gold when it reaches the top of our 4 hour channel. On the 4 hour chart I have drawn some trend lines which indicate a flag pattern forming , by adding Fibonacci re trace and noting the 0.618 area it gives me an indication of where gold will push to. However this will not be our entry, if you look left on the chart you can see previous area where high resistance has taken place, I feel this will be a more likely area to enter . Plan Wait for gold to get that initial push up to 6272.4 and monitor for rejection on the trend line from the channel. Our take profit will be 2620 which is 560 pips. I think I am being conserve here but ill be moving mt SL to this level if we get there to secure some pips. 2620 is usually a strong level of support until its not so if we break we could be looking at 2600,2595,2585 area and down As always trade safe use proper risk management don't over leverage Check out my other charts on here Trade safe
OANDA:XAUUSDShort
by F0rexBorex
Gold weekly chart with Buy and sell levels Gold weekly chart with Buy and sell levels. Gold traded bearish for the month end. Indicators on the monthly chart Stochastic is at extremes and when you see this we normally follow for a correction. RSI showing overbought MacD at extremely high levels and convergance meaning a fall. For a sell entry ill look at entering at 2638 expecting 2630,2622 and 2610 follow it down until we see high first support at 2591, continue on monitoring all the levels marked. For a buy ill look at entering at 2664 expecting 2671,2677, 2684 and 2700. As always trade safe use a trailing stop and a stop loss. Use good risk management .
OANDA:XAUUSD
by F0rexBorex
1
USDJPY swing target 372 pipsUSDJPY sell idea. Wait for level and reject sell entry at 150.250 , TP1 147.382 (288 pips) TP2 146.485 which is weekly support. My plan if we don't gap up is to buy to 150.250 and expect a rejection at that level. Method Higher time frame analysis , trend lines from weekly and daily levels and fibonacci levels. As always trade safe USDJPY can be a very volitive pair especially around 1 hour after Tokyo open. Important to wait for levels and best entry is a break and retest of the level. Don't over leverage nd let the trade come to you.
Short
by F0rexBorex
1
NIFTY50.....Seasonlly it has to rise, but.....Hello Traders, the NIFTY50 has moved to 24857.75 on Thursday December 5th. The move to this level has been not expected to me, but it overcome the 0.786 Fibonacci of the latest decline from 24234. This higher the facts, that the decline was done @ the low at 23263! Notice, that @ 24990 the advance from 23263 will be equal in length (a=c)! So at this level, a corrective countertrend move could have end.If so, we should label the chart as a waves a-b-c of b and the next coould be a decline. It depends on the internal structure of the waves, which pattern will develop. For now, it is to soon to judge. A move above 25600 opens the door for a new ATH for N50! The level of 23826.85 to 23907.55 (smaller rectangle) is now support-area for the next days ahead. I will update the chartr in the coming days. Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trading on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
Bitcoin - Ultimate bull trap, soon a big crash! (must see)Bitcoin really cannot continue in this parabolic uptrend. Why? Because if yes, it would hit around 600,000 USD by December 2025. Of course that's impossible, so the only option is to slow down. Bitcon still hasn't made any bigger correction in past weeks and is currently facing a very significant psychological resistance of 100,000 USD. I am really not buying because the Moon Boys are back and first we need to see a shakeout and a flash crash. 85k is a very reasonable support because it's the end of the massive FVG (fair value gap) on the daily candles. Also, it's the start of the first price action on the volume profile. This is where you want to buy. What we cannot miss is the symmetrical triangle on the 4H chart. This to me looks like a bull trap on retail traders because everyone would buy the breakout. So there is still a possibility of making a last push to sweep liquidity (stop losses). Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
340
Logarthmic bullflag has an even larger breakout targetBrace yourself and fair warning this post is gonna get slightly more esoteric than some are comfortable with as it delves into numerology, so fair warning. I found it extremely interesting from a numerological standpoint when I saw @chartguy had predicted that this current xrp correction would ultimately find support on the .888 Fibonacci retracement level and as of now it appears it has. The number 38 as well as 888( aka 3 8s) has been coming up like crazy all the time for me this entire year, but then I also noticed it more than a few times specifically in reference to ripple and xrp. For example Ripple now has 38 billion xrp remaining locked in escrow. I found an iage during XRP’s 2016 pump of Brad on CNBC or fox business ot some channel like it and enxt to them they had put a graphic up on screen along side Brad Garlinghouse that said XRP had gone up 38,000% percent. Next fast forwarding back to a little earlierthis year, the last low xrp had put in as a bottom before finally slowly climbing back up to the blast off point was 38 cents. Because I had been seeing all these connections with 38 in regards to xrp and ripple but also in many other elements in my personal life, I bought some more xrp at 38 cents feeling like it would actually mark the most recent bottom and low and behold it did. Also the all time high for xrp on a few different exchanges is $3.80. Like I said above, another way to represent 38 is with 3 8’s aka (888). So on the lion’s gate portal this year 8/8/2024, 2024 numerologically reduces to 8 as well giving us the first time in quite awhile we have had 8/8/8 date like that, I was expecting something noteworthy to occur being that it’s a time that’s known for manifestation and abundance every year but with 3 8s instead of just the usual 8/8 it should be even more so, and sure enough ti was right on this weekend that Judge Torres issued her final judgement in the RIpple vs SEC case after 4 long years of waiting patiently for it to arrive. All this being said, when I then see that XRP corrected down exactly to the .888 Fibonacci level and is holding support there, if it does continue upwards from this level, it will simply be more confirmation and confluence to me that there is something significantly special and interrelated between xrp, and the numbers 38.88,888, 11, and 1111. I won’t go into the 11 significance too much in this idea as I’d prefer to focus on the 8s instead….so I’ll leave the numerology talk there for now and focus instead of the actual TA behind this logarithmic bullflag
BITSTAMP:XRPUSD
by DrDovetail
2
Ethereum (ETHUSD) : Time to Position for Profits!Ethereum (ETH/USD) is currently positioned for a bullish breakout, and I am excited to share my analysis with fellow traders. Bullish Sentiment and Technical Setup The current price action shows ETH testing the $4,000 resistance level, which, if broken, could trigger a wave of FOMO buying, propelling prices towards $4,500 and beyond. With the Relative Strength Index (RSI) reflecting strong buying momentum, now is an opportune time to consider long positions. I will be utilizing probabilities to strategically enter into long trades, focusing on support levels around $3,600 to $3,700 as potential entry points during any pullbacks. Several fundamental factors are contributing to this bullish outlook: Institutional Interest: Recent reports indicate that BlackRock has made a significant investment in Ethereum, purchasing over $230 million worth. This institutional backing is a strong signal of confidence in Ethereum’s future. Market Dynamics: The overall cryptocurrency market is experiencing renewed interest as Bitcoin has surpassed the psychological barrier of $100,000. Historically, Ethereum tends to follow Bitcoin's lead, and this correlation suggests that ETH could also see substantial upward movement. Technological Advancements: Ethereum's ongoing developments in DeFi and NFT sectors continue to attract users and investors alike. The upcoming upgrades and increased adoption are likely to bolster its price further. In summary, the combination of technical indicators pointing towards a bullish trend and supportive fundamentals creates a compelling case for trading ETH/USD long. As we navigate this exciting market landscape, I encourage fellow traders to stay vigilant and consider positioning themselves for potential gains in the coming weeks. P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out. Let's capitalize on this momentum together! 2W: Hourly Timeframe Entry:
COINBASE:ETHUSDLong
by Jasminex1x2
Inhibikase Therapeutics, Inc. (IKT): Showing Strong MomentumInhibikase Therapeutics, Inc. (IKT) is a biotechnology company focused on developing treatments for neurodegenerative diseases, particularly Parkinson's disease and other related disorders. The chart pattern shows a confirmation buy bar on increased volume, suggesting that there is strong market interest in Inhibikase's stock. The stock is trading above the Fibonacci .236 support zone, which is a positive sign for potential upward movement. This area, known as the momentum zone, often acts as a launching pad for stocks that maintain their position above it. The company’s main products are drug candidates that aim to address the underlying causes of these diseases by targeting specific cellular mechanisms. Inhibikase is developing therapies designed to slow or halt the progression of Parkinson’s disease, a condition that currently has no cure. The company’s most advanced drug candidates include IkT-148009, which is being tested in clinical trials for its potential to treat Parkinson's and other diseases linked to alpha-synuclein protein buildup in the brain. The main drivers of growth for Inhibikase Therapeutics include advancements in the field of neuroscience, the growing demand for effective treatments for Parkinson's disease, and the company’s ability to progress its drug candidates through clinical trials. As the demand for innovative treatments in the neurology space increases, Inhibikase is positioned to be a key player in providing solutions for patients suffering from debilitating conditions. The Fibonacci Snap Tool and the Momentum Zones, both available on TradersPro, are the indicators used to analyze the chart. These tools are helpful in identifying key levels of support and resistance and tracking momentum shifts.
NASDAQ:IKTLong
by traderspro_charts
The Road to $66 for STXUSDT (Stacks)$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels: — 0.57 — 1.06 — 2.85 — 5.96 — 8.16 — 13.17. #stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Long
by joerivdpol
20
BNB one of the strongest non MEME non BTC crypto - verge of pumpBNB has been one of the strongest crypto assets through the bear market. BNB has continued to BURN tokens via their buy backs Weekly MACD was supported at 49 level and never dropped below it all year MACD has stayed positive this year and is currently going through a bullish divergence CZ is back and BUILDING Target will be above the 5.618 FIB - my target is anywhere above that - the exact range will be determined more in real-time based on the path we take. Good luck everyone - wish everyone the best!
BINANCE:BNBUSDLong
by crow1980
2