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Fibonacci

POV : BEL : Bharat Electronics LtdPOV : BEL : Bharat Electronics Ltd Chart Reading: 1. Took Support at Fib Level 0.5 2. Creating Pole and Flag kind of Pattern (which I try to demonstrate) 3. or You can say channel breakout 4. current session closed above previously formed double top 5. bounce back from 200 sma twice Concern: 1. after giving entry and reach to POA might retest 2. my volume expectation little more while breakout 3. during pullback phase should not go in to channel zone again. have to observer. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:BELLong
by kzatakia
POV : HCC : It's Time to Ride Again...POV : HCC : It's Time to Ride Again... My 3rd ride on HCC... Let's Hit the Road Chart Reading: 1. Took Support at Deep FIB Level 2. RSI and other momentum Indicator indicate Divergence at bottom 3. Trend Line break on 27th Nov 4. Close Above 200 SMA and holding 2 session above 5. Close above the Recent fractal highs or "Double Top" and form today's new HH fractal. 6. The Dashed Blue Line is my old Accumulating Trend Line where I accumulate 7. Volume profile point of Control at around 50~51 so the ground is set for mean reversion to play. ? Expectations : First POA @ 45, Target : 51,55,61 and Long Term Aim for 81 For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:HCCLong
by kzatakia
POV : FACT : Another Wave of ProfitPOV : FACT : Another Wave of Profit Chart Reading: 1. Facts of FACT were in a downtrend reflected by both trend lines (High and closed based). 2. Support : Took Support at 2.A) Previous Resistant & Breakout Zone 2.B) Fib Level 0.618 2.C) 200 SMA 3. Form neat Adam and Eve at the Bottom. 4. Closing Basis Trend Line Breach on 28th Nov. 5. High Basis Trend Line Breach on 29th Nov. 6. Huge Volume on 29th Nov. which gives me additional confirmation of breakout. Concern : 1. Huge Range Expansion 2. Cover Almost 5 Fractals high in one candle. (although it's a bullish sign but we get stop loss gets far) Action Plan : Either Wait for Pullback or Go for Breakout. Both Entry levels and targets are shared here for your educational purposes. you have to decide which kind of trader you are. I am attempting both: if breakout first then go with half qty and rest of add at either POA or Pullback. Disclaimer : For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:FACTLong
by kzatakia
SOLANA → Consolidation before the rally continuesBINANCE:SOLUSDT is consolidating after a strong rally. This is a generally positive sign for continued growth as the altcoin season is in full swing. It may take some time to overcome the previous ATH Within the current move, Solana updates the ATH and forms a false breakout, which closes the coin in a channel, but not for long. A consolidation of 265 - 221 is forming within a strong bull market. The coin has several drivers: Trump, favorable background of his policies, talks about the fund, bullish BTC, which is already testing 105K and so on.... Technically, until the consolidation is over the movement will not continue. the trigger for continued growth could be the area of 250 - 265. The breakout and holding of the defense by the bulls above these zones could be good signals for further rally, as above 265 is empty and there is no resistance Support levels: 222, 205 Resistance levels: 239.6, 245.3, 264.4 I do not exclude the fact that a false break of support may be formed, but the market is generally bullish. accordingly, the current situation can be viewed from several angles: buy on a pullback or buy after a break of resistance with the aim of further growth Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
10
BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K. Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away. Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole... Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers Resistance levels: 99K, 100K Support levels: 94.7K, 91.25K, 89.2K An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market. Trigger 99K. If this zone is broken, bitcoin could go to 105K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
43
GBPUSD: The 38% Fib Correction – A Prime Shorting OpportunityWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. 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! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
NQ Power Range Report with FIB Ext - 12/5/2024 SessionCME_MINI:NQZ2024 - PR High: 21523.75 - PR Low: 21504.50 - NZ Spread: 43.25 Key scheduled economic event 08:30 | Initial Jobless Claims ATH march continues, pausing inside previous session highs Session Open Stats (As of 12:35 AM 12/5) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 276.30 - Volume: 17K - Open Int: 297K - Trend Grade: Bull - From BA ATH: -0.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 21525 - Mid: 20954 - Short: 19815 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
XAU/USD: Precision Buy & Sell StrategiesAlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategy for Gold Spot (XAU/USD) on a 1-Hour Timeframe Chart Analysis Price Action and Trend: Current Price: $2,647.94 The chart shows a range-bound movement with resistance around $2,662.16 and support around $2,646.58. The price has been oscillating within the Bollinger Bands, indicating a period of consolidation. Technical Indicators: Bollinger Bands: The price is near the upper band, suggesting potential resistance. Fibonacci Retracement Levels: Key levels are marked at 0.786 ($2,670.22), 0.705 ($2,663.52), 0.618 ($2,656.33), 0.5 ($2,646.58), and 0.382 ($2,636.82). Volume: The volume bars at the bottom show increased trading activity, indicating strong market participation. Stochastic RSI: The Stochastic RSI is around 62.79, indicating neither overbought nor oversold conditions. MACD: The MACD line is slightly above the signal line, suggesting mild bullish momentum. RSI: The RSI is at 53.84, indicating neutral to slightly bullish conditions. Buy Strategy Confirmation: Entry Point: Consider buying if the price breaks above the resistance level of $2,662.16 with strong volume confirmation. Confirmation: Look for the RSI to move above 60 and the MACD to show a bullish crossover. Stop Loss: Place a stop loss below the support level of $2,646.58. Take Profit: Set a take profit target near the 0.786 Fibonacci level at $2,670.22 or higher. Sell Strategy Confirmation: Entry Point: Consider selling if the price breaks below the support level of $2,646.58 with strong volume confirmation. Confirmation: Look for the RSI to move below 40 and the MACD to show a bearish crossover. Stop Loss: Place a stop loss above the resistance level of $2,662.16. Take Profit: Set a take profit target near the 0.382 Fibonacci level at $2,636.82 or lower. Summary of Signals Buy Signal: Entry: On a breakout above $2,662.16 with bullish confirmations. Stop Loss: Below $2,646.58. Take Profit: At $2,670.22. Sell Signal: Entry: On a breakdown below $2,646.58 with bearish confirmations. Stop Loss: Above $2,662.16. Take Profit: At $2,636.82. This structured analysis and strategy should help you make informed trading decisions for Gold Spot (XAU/USD). If you have any further questions or need additional insights, feel free to ask! 😊
FXOPEN:XAUUSD
by Alexgoldhunter
$SPY December 5, 2024AMEX:SPY December 5, 2024 15 Minutes 60 Minutes Gaps not getting filled. Very strong uptrend. Being a moving average and Fib trader i do not have a setup for fresh entry or short. At the moment if any pull back 60o is the number to watch. It is 9 moving averages in day, and 38.2% retracement for the move 587.43 to 607.91. AMEX:SPY not even breaking 21 averages in 60 minutes since the move started from 587.43. HH HL pattern. No way to short. At the moment even if I short at 601 levels the target is only 598. So not much R:R. Need to continue the longs for 608-612 as initial target provided 601 is holding. I have no position.
AMEX:SPY
by RiderTrader
12
VanEck Retail ETF | 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 # VanEck Retail ETF - Double Formation * Resistance At 195.00 | Area Template Uptrend Bias | Subdivision 1 * Pattern Involvement | Neckline At 182.60 - Triple Formation * EMA 20 & 50 | Support Entry Bias | Subdivision 2 * 012345 | Angle 1)) * Wedge Structure | Pattern Alignment | 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:RTHLong
by TradePolitics