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Fibonacci

BEL (Bharat Electronics Ltd): Setting Up for a Long Move!🚀 BEL (Bharat Electronics Ltd): Setting Up for a Long Move! 🚀 Current Market Price: 308.2 Stop Loss: 279 Targets: 322, 340, 360 BEL has shown a strong recovery from its fall (340 to 257) and is now closing above the 61.8% Fibonacci level (309). This signals potential short covering and a bullish breakout. A 12-week base formation adds to the strength, and the monthly candle confirms positive momentum with today's closing. 📈 Strategy: Consider buying in a staggered manner to manage risks. Watch for sustained strength above 309 for confirmation. Follow strict risk management rules to navigate market volatility. 📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. #BEL #TechnicalAnalysis #FibonacciLevels #BreakoutStrategy #MarketMomentum #DefenseSector
NSE:BELLong
by satyam15
BITCOIN TARGETING ALL TIME HIGHS - BTC LONG IDEAI projected and shared the idea that Bitcoin would reach $70,000 and potentially $73,000 within a few days. It happened in just two days! I hope you took the trade and made some profits, as I did. Now, I’m preparing to position myself with the expectation that we’ll reach all-time highs within a week or two. We recently broke a massive bearish trendline that has held since March 2024. Just before that, a daily demand zone formed, which helped break the trendline, making it a key area for me. Additionally, the equilibrium level of the bullish leg aligns perfectly with my point of interest. I expect the price to retrace to the daily demand zone, hit the discount Fibonacci area, test the trendline, and take off from there toward new all-time highs. Of course, I’ll be looking for lower time-frame confirmations before initiating a long position.
Long
by UA_CAPITAL
2
Forex Swift IndicatorForex Swift Indicator with TP & SL for Buy and Sell Overview: The Forex Swift Trading Indicator is a robust tool designed for traders seeking precise buy and sell signals in the forex market. By leveraging the crossover of moving averages, this indicator provides actionable insights along with clearly defined take profit (TP) and stop loss (SL) levels to optimize trading strategies. Key Features: 1- Moving Average Crossover Strategy 2- Take Profit and Stop Loss Levels: .Up to five customizable TP levels for both Buy and Sell signals. .Dedicated SL level for effective risk management. 3- Visual Alerts and Labels: .Displays signals with clear "Buy" and "Sell" markers on the chart. .Labels entry, TP, and SL levels directly on the chart for easy reference. 4- Alerts Integration: .Alerts notify you of key buy or sell opportunities, ensuring you never miss a trade. 5- How to Use: .Use the Buy Signal to enter long positions with TP levels for profit-taking and SL for risk management. .Use the Sell Signal to enter short positions with similar TP and SL configurations. .Customize settings to align with your trading style and objectives. 6- Perfect for: .Forex traders looking for a systematic approach to market entries and exits. .Scalpers and swing traders who value precision in take profit and stop loss strategies.
CAPITALCOM:GOLD
by Forex-Swift
2
Weekly ScenarioEverything on the chart but here’s my simple take on the chart: Right now, it looks like price has dropped pretty sharply, hitting the 0.236 Fibonacci retracement. This level is often a weak spot, meaning the drop might not be over yet. If price keeps falling, I think it could head toward $2,610 or $2,590, where there seems to be stronger support and likely more buyers waiting. These levels align with deeper Fibonacci zones and areas where the market might reverse higher. On the other hand, if price stabilizes here and starts moving up, it could aim back toward $2,680-$2,700, which is resistance for now. My gut feeling and I might be wrong of course is that price will be bearish first. A dip lower this week to grab liquidity (sweep stops below $2,610 or $2,590). Once at Fibo 0.786 I think a strong bounce could happen, especially if the market sees this as a buy-the-dip opportunity in the bigger uptrend. If you're shorting, aim for the deeper levels ($2,610 or $2,590) but watch for signs of a reversal to close quickly. If you're looking to buy, wait for price to drop deeper OR confirm strength (a proper rebound with structure shifts) before jumping in. I could be wrong, so let price action guide you. Keep an eye on how it behaves around those key levels
OANDA:XAUUSDShort
by Med_In_Trade
MKR/USDT 1h chart Hello everyone, let's look at the current MKR situation considering the one hour interval. In this situation, we can see the price approaching the upward trend line, which provides strong support for the price, but it is worth switching to a stop-loss now in case of further declines in the market: sl1 - $1,800. sl2 - $1742. sl3 - $1691. looking the other way, if the increases continue, we have visible resistance at the level of $1,863, the next important level is $1,912 so that the price can move towards $1,989, only the exit to the top will open the way above $2,100.
by cryptodailyuk