3MINDIA - Nice Reversal?RSI is looking strong and closing is also above 20EMA Band.
Expecting it to fall a bit to normalize the RSI, which CAN BE the right time to enter.
For stop loss, closing below 20EMA band or previous swing low can be used. It is purely individual study and choice.
Currently market is very volatile and we also have earning of 3MINDIA in coming week, which can contradict my study and analysis. Hence do your own analysis and act accordingly.
Strictly follow Risk Reward management and strict SL is necessary.
Oscillators
All Targets achieved on PSO!PSO Call was initiated on 25 Oct'24 at the breakout of 225, however, could not be published due to unpaid account.
78% gains as per the projections have been achieved within 2 months.
Swing traders should close their trades here, however, those wish to ride the trend can still hold it with Stop loss at 288
OGDC all Targets achieved !Initiated a call in Sep'24 for potential Target of 190 on the breakout of symmetrical triangle and breakout of previous LH which was achieved on 8 Nov'24. given swing traders approx 35% gain within 2 months.
The stock is likely to continue its bullish momentum and might test its first resistance at 244 and second resistance at 265. However, those who wish to ride should place SL @ 177 so that all gains are not eroded.
Bitcoin’s bullish break generates fresh long setup Bitcoin futures have opened the new week on the front foot, talking out the former record highs at $105325 before extending the move as Asian markets come online.
RSI (14) has broken its downtrend while MACD looks like it may crossover from below, suggesting bullish momentum may be building again.
While the price signal is definitive, we’ve not seen pickup in volumes accompanying the bullish break, making the preference to wait for a retest of $105325 before initiating long positions, rather than simply buying around these levels.
If there was pullback and bounce from $105325, it would improve conviction in the setup, allowing for longs to be established above the level with a tight stop beneath for protection.
If the trade were to move in your favour, the preference would be to wait for a topping pattern or signal to determine whether to hold, take profit or reverse the move.
Octopus is attractive to Buy at these levels Offering 117% GainsThe stock after breaking out its accumulation zone enters the bullish territory and printed a Cup and Handle formation on weekly chart. The stock has successfully broke out the Cup and Handle but went into consolidation after posting bearish divergence. Currently, retraced till 71.8% as per FIB levels and being accumulated for another bullish ride where it can double the investment within next 6 months.
One can start accumulate atleast 25% allocation at these levels with SL at 55. Confirmation to the Target price will be given once weekly closing above 100 is given by the stock where it will validate the journey towards final target price of 165 which is the projection of Cup and Handle formation.
RNDR Chart AnalysisLets break it down:
Structure and Price Action:
**Rising Wedge Formation**:
The chart shows a **rising wedge**, which is typically a bearish reversal pattern. Price is currently trading near the lower boundary of the wedge, increasing the likelihood of a breakdown.
**Red Resistance Zone**:
The price rejected the key **red resistance zone** between $10.0–$11.0, indicating strong selling pressure.
**Higher Lows**:
Despite rejection at resistance, the price has maintained **higher lows**, signaling bullish attempts to sustain the uptrend.
**Bearish Momentum Developing**:
Price is now testing the rising support line. A breakdown here could lead to a reversal toward lower levels.
Support and Resistance:
**Immediate Resistance**: $10.0–$11.0 (red resistance zone where sellers are dominant).
**Key Support Levels**:
$8.50: Rising support line and psychological level.
$7.50–$7.00: Green order block area where buyers previously stepped in.
Below $7.00: Strong support near $5.50–$5.00 (historical support zone).
Indicators:
Moving Averages (EMA 20/50/100/200):
Price remains above the **EMA 20** ($8.96) and EMA 50 ($7.82), showing bullish bias in the short-term trend.
The **EMA 100/200** at $7.03 and $6.68, respectively, provide stronger long-term support.
Money Flow Index (MFI):
**58.08** indicates neutral momentum but leaning slightly toward bullish, suggesting buyers still have some control.
Stochastic RSI:
The Stochastic RSI is currently near **oversold territory** (11.56), suggesting a potential bounce from support levels.
However, if price fails to hold support, oversold conditions can persist, leading to further downside.
Volume:
Volume during the recent move upward has been declining, suggesting weakening bullish momentum.
Watch for a volume spike on any breakout or breakdown to confirm direction.
Pattern Analysis:
The **rising wedge** pattern signals caution as it leans bearish. A breakdown below the wedge's lower trendline would confirm a reversal.
Rejection at the red resistance zone strengthens the bearish outlook unless bulls regain control.
Probabilistic Outlook:
Bearish Breakdown (Primary Scenario):
If price breaks below the rising support line (~$8.50), bearish momentum will increase.
Key downside targets:
**First Target**: $7.50 (order block zone).
**Second Target**: $7.00–$6.50 (EMA 100/200 levels).
**Third Target**: $5.50–$5.00 (major historical support).
Bullish Continuation (Alternate Scenario):
If price reclaims $10.0–$11.0 with strong volume, the uptrend will resume.
Key upside targets:
**First Resistance**: $11.50.
**Second Resistance**: $12.00–$12.50 (previous highs).
Key Signals to Watch:
A breakdown below the rising support line (~$8.50) = **Bearish confirmation**.
A breakout above $10.0–$11.0 resistance = **Bullish continuation**.
Volume spike during breakout or breakdown will confirm the move.
Conclusion:
The chart shows a **rising wedge** with weakening bullish momentum, increasing the probability (~65–70%) of a bearish breakdown. A decisive break below $8.50 would target lower levels at $7.50 and beyond. Conversely, a breakout above $10.0–$11.0 could invalidate the wedge and continue the uptrend toward $12.00.
EXIDE offers more than 55% gains on prevailing price LevelsThe stock is in Bullish Momentum, for those, willing to take secure trades, should enter at a price above 1166 for the Target of 1458 potentially can make 25% gain on these levels.
However, anyone wish to take calculated risks, can enter the trade now with the SL of 775, for TP1 of 1101, TP2 of 1264 and TP3 of 1427 with upside potential over 55%
Example of how to select a volatility period
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The date that I am talking about as a volatility period refers to a period in which there may be a movement that may change the trend.
In other words, it means that there is a high possibility of creating a new wave as the volatility period passes.
Basically, the volatility period is expressed as an issue regarding the coin (token) or a global issue, but the volatility period that I am talking about is expressed by the support and resistance points and trend lines drawn on the chart.
-
The support and resistance points refer to the points drawn on the 1M, 1W, and 1D charts.
In other words, they refer to the points of the HA-Low, HA-High, BW(0), BW(100), and OBV indicators displayed on each chart.
When indicating support and resistance points, indicators connected to the current price candle are unconditionally drawn.
Also, indicators that are not expressed up to the current price candle are drawn starting from the one with the longest horizontal line.
Among indicators that are not expressed up to the current candle, horizontal lines expressed less than 5 candles are not drawn if possible.
If there are support and resistance lines that are expressed too closely, the support and resistance lines that are closest to the current candle are used.
-
The StochRSI indicator is used to draw a trend line.
When the StochRSI indicator enters the oversold or overbought zone and reverses, that is, when a peak is created, those points are connected and expressed.
Therefore, the peak created in the 20~80 range of the StochRSI indicator is ignored.
Therefore, the trend line is created by connecting the high and low points of the StochRSI indicator.
However, the high point connection line connects the opening price of the falling candle.
If there is no bearish candle at the peak of the StochRSI indicator, move to the right and use the first bearish candle.
When drawing the trendline for the first time, it is better to draw it from the vicinity where the current wave started.
If the StochRSI indicator has two peaks in the overbought or oversold area, use both when it leaves the overbought or oversold area and then re-enters it.
Otherwise, use only one peak at a time.
-
Draw support and resistance points and trendlines on each chart.
-
Find and mark points where trend lines or support and resistance points intersect at least two times.
The importance is determined in the order of trend lines drawn on the 1M chart > trend lines drawn on the 1W chart > trend lines drawn on the 1D chart.
Therefore, in order to express a period of volatility with a trend line drawn on the 1D chart, there must be at least two intersecting points.
In other words, there must be at least two intersecting points when indicating a period of volatility, such as when trend lines intersect each other or when trend lines intersect support and resistance points.
In addition, support and resistance points are also important in the order of 1M > 1W > 1D charts, so when they intersect with support and resistance points, they are selected according to this importance.
-
Then, if you hide the trend line, you will complete the chart showing the period of volatility.
-
When drawing for the first time,
1. When indicating support and resistance points, if you do not understand the arrangement of candles, it may be difficult to select.
2. It may be difficult to select the peak and candle of the StochRSI indicator.
3. It may be difficult to select which intersection point to select when indicating the volatility period.
Since you cannot get used to everything at once, it is recommended to draw and observe one by one and try to solve the difficulty of the next step once you get used to it.
-
The StochRSI indicator on this chart is an indicator whose formula has been changed from the basic StochRSI indicator.
Therefore, if possible, it is recommended to use the StochRSI indicator on my chart.
If you use your own StochRSI indicator,
Settings: 14, 7, 3, 3 (RSI, Stoch, K, D)
Source value: ohlc4
If you change the values above, it will be expressed similarly.
-
Thank you for reading to the end.
I wish you successful trading.
--------------------------------------------------
$REGN LongThis is just my observation, but not an advice.
Technical:
REGN touched its two strong trendline since 2020 and 2021.
REGN reached the 50% correction since 2020.
REGN is oversold daily and weekly.
A significant divergence is observable on daily chart.
Price touched SMA 200.
Fundamental:
P/E: 16.9x (moderate undervalue)
Since last ATH NASDAQ:REGN has come up with wide ranges of successful clinical trial outcomes. Nonetheless, prices dropped due to competitive pressures on Eylea.
Last week, after significant clinical trial results of Odronextamab and Poze-Cemdi, the market moved up. However, the price slid after the BoA's PT revision.
Analyst sentiments: 17 buy, 7 buy, 1 sell (BoA)
The long possibility is high from now on.
Crypto Insights: Will XRP Price Hold Above $2 After South Korea’
XRP, the native cryptocurrency of Ripple, experienced a rollercoaster ride in recent weeks. Following a sudden dip to $2.13, the price surged by 9%, recovering to $2.45. This dramatic price swing was triggered by South Korea’s sudden decision to ban crypto exchanges from listing XRP. However, the broader market sentiment, fueled by Ripple’s expanding ecosystem and Bitcoin’s bullish rally, has contributed to XRP’s resilience and potential for further growth.
Ripple’s Ecosystem and Bitcoin’s Rally Fuel XRP’s Optimism
Ripple’s growing ecosystem, particularly its focus on cross-border payments and blockchain solutions, has been a major driver of XRP’s price appreciation. The increasing adoption of RippleNet, the company’s blockchain-based payment network, has solidified XRP’s position as a key player in the global financial landscape. Additionally, the recent surge in Bitcoin’s price has positively affected the entire cryptocurrency market, including XRP. As the leading cryptocurrency continues to gain momentum, it is likely to lift the prices of other altcoins, including XRP.
Strong Market Indicators Signal Potential for Further Gains
Several technical indicators suggest that XRP may have further room to grow. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are two key indicators that can provide valuable insights into a cryptocurrency’s price trend. Currently, XRP’s RSI is hovering around the 50 level, indicating that the asset is neither overbought nor oversold. This suggests that there is still potential for further upward movement. Additionally, the MACD line has crossed above the signal line, forming a bullish crossover. This bullish signal suggests that the momentum is shifting in favor of the bulls, and XRP may be poised for a significant price increase.
XRP Price on the Brink of $3: Is a Major Breakout Imminent?
As XRP continues to gain momentum, many analysts believe that the cryptocurrency is on the brink of a major breakout. If the current bullish trend persists, XRP could potentially reach the $3 price level shortly. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly Therefore, investors should exercise caution and conduct their research before making any investment decisions.
In conclusion, XRP’s recent price surge, strong market indicators, and the upcoming launch of Ripple’s stablecoin suggest that the cryptocurrency has the potential to continue its upward trajectory. However, investors should remain vigilant and monitor market developments closely.
understanding roc obv with rsi indicator ,teslaCombining the Rate of Change (ROC) of On-Balance Volume (OBV) with the Relative Strength Index (RSI) creates a multifaceted technical analysis tool that assesses momentum, volume flow, and potential trend reversals. Here's an overview of this composite indicator:
**Components and Calculations:**
1. **On-Balance Volume (OBV):** OBV measures cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. A rising OBV suggests buying pressure, while a falling OBV indicates selling pressure.
2. **Rate of Change (ROC) of OBV:** This calculates the percentage change in OBV over a specified period, highlighting the speed at which volume flow changes. The formula is:
\
A positive ROC indicates accelerating volume flow, while a negative ROC suggests decelerating volume flow.
3. **Relative Strength Index (RSI):** RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, oscillating between 0 and 100. Traditionally, RSI values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions.
**Interpretation and Usage:**
- **Trend Continuation:** A rising ROC(OBV) combined with an RSI above 60 may confirm a strong uptrend, suggesting sustained buying momentum.
- **Trend Reversal:** A declining ROC(OBV) alongside an RSI below 40 could signal a potential trend reversal, indicating increasing selling pressure.
- **Threshold Levels:** Incorporating horizontal threshold lines can help identify support or resistance levels. For instance, if ROC(OBV) bounces off a threshold with a corresponding RSI change, it may suggest a pause or continuation in the trend.
**Visualization:**
Some implementations enhance this indicator by coloring the ROC(OBV) line based on RSI values, providing a visual representation of momentum shifts. For example, the line might turn lime when RSI is above 60 and blue when RSI is below 40, offering immediate visual cues for traders.
**Application:**
This composite indicator is particularly useful for assets with significant volume activity. By analyzing both price momentum and volume flow, traders can gain deeper insights into market dynamics, aiding in the identification of trend continuations, reversals, and potential breakout points.
**Example Implementation:**
An example of this indicator is the "Rate of Change of OBV with RSI Color" available on TradingView. This tool combines OBV, ROC, and RSI to monitor momentum and potential trend reversals, with visual enhancements based on RSI values.
By integrating these three analytical tools, traders can develop a more comprehensive understanding of market conditions, improving the accuracy of their trading decisions.
The key is whether it can be supported around 224.93-228.97
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(AMZN 1M chart)
It is already showing an upward trend.
The point to watch is whether it can maintain the price by rising above the Fibonacci ratio 1 (238.57).
If it fails to rise, it is expected to fall to around 172.55-186.98.
-
(1W chart)
Since the BW indicator is maintained at the 100 point, even if the price rises, it will eventually show a downward trend.
Accordingly, the key is whether the price can be maintained above the Fibonacci ratio 1 (238.57).
If not, it is expected to touch the MS-Signal (M-Signal on the 1W chart) indicator.
If it falls further, it is necessary to check whether there is support near 176.77-188.07.
-
(1D chart)
The HA-High indicator is showing signs of being created at the 224.93 point.
Accordingly, if the HA-High indicator is created at the 224.93 point, the key is whether it can be supported near this point and rise above 228.97.
If it falls after the HA-High indicator is created, it is important whether it can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise.
If not, it is likely to touch the M-Signal indicator on the 1W chart.
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When the StochRSI indicator falls and maintains in the overbought zone, if it shows resistance near 224.93, it is likely to lead to further decline.
If it leads to a decline,
1st: M-Signal on the 1D chart
2nd: M-Signal on the 1W chart
You need to check whether it can be supported and rise near the 1st and 2nd above.
Therefore, when it is confirmed to be supported in the 224.93-228.97 range, it is the time to buy.
The first sell period is near the Fibonacci ratio 1 (238.57).
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
PLUG Powering Up For A Breakout?!Here I have NASDAQ:PLUG on the Daily Chart!
We can see that Monday, November 4th gave us a Very Bullish break to the Falling Resistance Price has been contained by forming the Wedge Pattern and with the Bullish Volume following the Break, gives this pattern a Bullish Bias after the strong decline since Jan. 2021.
The push for Greener and Cleaner way of Living and Transportation has the world in High Search for Electric Alternative means of fuel and along the pathway of Lithium and Rare Earth Metals is a new theory of Hydrogen powered Fuel Cells!
Currently Price is at $2.52, struggling with a Local Resistance Level after Price reached a new 4-Year Low @ $1.60, close to All Time Low @ .1155 visited in Jan. 2013. With the tight consolidation underneath the Falling Resistance followed with a Break candle and Close candle Above of the Falling Resistance, Confirms a Valid Break of said Falling Resistance and indicates Bullish Sentiment entering the market.
-Now, we must wait to see if Price decides to retest the Break of Falling Resistance around ( $2.25 - $2.20 ) and if Supported successfully, would generate a great Buying Opportunity!
-If Price does found Support here, I suspect Price we will run into Resistance @ ( $3.55 - $ 3.22 ) then will aim for the Fair Value Gap formed @ ( $5.58 - $5.14 )
Indicators:
- RSI Crossing 50
- Large Bullish Volume
EURGBP Wave Analysis 13 December 2024
- EURGBP reversed from support zone
- Likely to rise to resistance level 0.8350
EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band.
The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels.
Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Long Signal on MORPHOUSDT/Making profit Together /2X-3X LeverageOKX:MORPHOUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 2.44-2.57
⚡️TP:
2.70
2.84
3.03
🔴SL:
2.31
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
JPMorgan: Not the Star of BethlehemThe Christmas season is known for three Wisemen following a light in the night sky to Bethlehem. But another, less jovial star may have settled above the House of Morgan.
The first pattern on today’s chart of JPMorgan Chase is the candle on November 25. Prices jumped above $253 in the first five minutes of that Monday morning, but quickly reversed and closed at $250.29. Some traders may view that as a bearish shooting-star pattern.
JPM proceed to close lower the next six sessions and was soon under $250. Its shares have continued downward, probing above their 8-day exponential moving average (EMA) while mostly closing below it.
That could suggest a short-term downtrend has developed. Falling MACD may provide a similar signal.
Finally, a large gap occurred on November 6 after Donald Trump was reelected President. Could JPM now look to fill some of that space?
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Future Outlook with StochRSI and OBV
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I used TradingView's index chart to see the overall flow of BTC.
--------------------------------------
(BTCUSD 1M chart)
OBV is showing an upward breakout of the High Line.
Accordingly, we should look at how the High Line is expressed when the candle of the next month is created.
The StochRSI indicator has risen above 50 points, and has changed to a state where StochRSI > StochRSI EMA.
Accordingly, we should look at whether it will maintain the current state and show an upward trend.
Looking at the movement of the indicators on the 1M chart, I think it is highly likely that the uptrend will continue.
-
(1W chart)
There is some ambiguity in analyzing BTC due to the movement of the 1W chart.
The StochRSI indicator is maintained at the 100 point, and the StochRSI EMA indicator is approaching the 100 point.
As of now, the StochRSI EMA has never touched the 100 point.
Accordingly, I think the pressure for a decline is increasing as time goes by.
The OBV indicator has risen above the high line.
Accordingly, if a high line is created next week, we should see if it enters the high line.
If so, BTC is expected to show a downward trend.
However, the StochRSI and OBV indicators cannot tell the extent of the decline.
Therefore, if the decline begins, there is a possibility that the MS-Signal (M-Signal on the 1W chart) indicator will be touched.
-
(1D chart)
BW(100) indicator is created at 101197.25.
Accordingly, in order to continue the uptrend, the price must rise above 101197.25 to maintain it.
The OBV indicator is near the high line.
Accordingly, when it rises above 101197.25, we need to see if the OBV indicator breaks through the high line upward.
The StochRSI indicator is below 50, and StochRSI < StochRSI EMA.
Accordingly, we need to see if it rises above 50 points and switches to a state where StochRSI > StochRSI EMA and is maintained.
If not, and BTC falls below 95961.82, there is a possibility that it will touch the M-Signal indicator on the 1W chart.
At this time, if the HA-Low indicator or BW(0) indicator is generated, then the important issue is whether there is support near that indicator.
------------------------------------
(BTCUSDT 1D chart)
After the volatility period around December 3, it is important to see whether the price can be maintained near the important support and resistance area of 95904.28-98892.0 until the next volatility period.
Therefore, the point to watch is whether it can reset the StochRSI indicator on the 1W chart while moving sideways unless it falls below 95904.28.
The key point is what I said on the BTCUSDT 1D chart.
If it rises above the BW(100) indicator point of 101109.59 and maintains the price, and if the StochRSI indicator rises above the 50 point and changes to the state of StochRSI > StochRSI EMA, there is a possibility that it will rise further.
However, as I mentioned earlier on the 1W chart, the StochRSI EMA indicator on the 1W chart is approaching the 100 point, so it will eventually show a downward trend.
As explained in the big picture below, the coin market is expected to maintain an upward trend until the end of 2025.
Therefore, I think that even if there is a short-term decline or a downward trend this time, it will eventually rise above the current price.
-
Thank you for reading to the end. I hope you have a successful transaction.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------