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Fibonacci Extension

SPX 500 day trading LONGAnalysis: Market Structure & Probabilities OANDA:SPX500USD PML (Previous Monthly Low) has been broken, moving higher than last month's low. PMH (Previous Monthly High) has also been broken, pushing beyond last month’s high. PWH/PWL (Previous Weekly High/Low) similarly breached, with price moving higher than the previous month's range. PDL (Previous Daily Low) and 4H Swing High/Low have also been surpassed. These indicators suggest a strong bullish bias, with an 87.5% probability of further upside movement vs. a 12.5% bearish scenario (reflected in PDH, as the price dipped below yesterday’s high). Risk-to-Reward Ratio (RR): 2.14 Simple as that.
OANDA:SPX500USDLong
by Jaytradermb
Bitcoin - You will mine Bitcoin with your body! (Terrifying)Microsoft has patented a "cryptocurrency system using body activity data," meaning that people will generate cryptocurrency from their body energy. Coupled with the nanotechnology inside the next generation of vaccines (not COVID-19 vaccines), each vaccinated person could in addition act as an antenna or transmitter. Patent Number: WO2020060606 ( patents.google.com ) Neurolink and microchip in your brain from Elon Musk connected to Starlink to mine Bitcoin, supported by Donald Trump and Bill Gates. Pay attention to the patent number; you see 666? Everyone knows that 666 is the mark of the beast symbol (antichrist), together with symbol X. How can the future look? All this information is no secret and no conspiracy, so I only say, in short, what is in the Google link above. Mining Bitcoin with graphics cards/ASIC can no longer be needed. Why? 8 billion people can mine crypto with their body energy without even knowing it. Of course this will drain your life force energy, and you may feel extremely fatigued the whole life. And I don't want to talk about living the whole life in depression and anxiety with a microchip in your brain. So, do you still love Bitcoin? Do you like Elon Musk, Bill Gates's vaccines, or Donald Trump? If yes, then you will probably be the first on line to implement this technology in your body and the first who will need medical drugs to sustain this hardcore body pressure. Again, this is not a conspiracy; this is real, and you can read the article on the website above. 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! I expect Bitcoin to retest the previous ATH from March. First profit target: 79k, second: 76k, Third: 74k.
Short
by Xanrox
118
IWM: Cup, Handle, and a Bullish GambleAMEX:IWM Original Chart : Been eyeing IWM lately, and honestly, this setup has the kind of potential that could get even the most cynical trader to sit up and pay attention. We’re looking at the *beginning* of a cup-and-handle-esque pattern so pristine it belongs in a TA textbook—classic accumulation followed by consolidation, like the bulls are quietly gearing up for something big. But here’s where it gets even more interesting: with the recent US election in the rearview and a lineup of Fibonacci extensions and moving averages all pointing in the same direction, this setup is practically begging for a breakout. Let’s dive into the details. Fibonacci Extensions and Price Targets Let’s talk targets. I’m looking at $315 and $365 based on Fibonacci extensions, and yes, that $365 target might sound ambitious, but hear me out. Fibs are like the star charts for traders—rooted in math, mystical enough for Twitter hype, and strangely accurate. $315 is the conservative target, sitting right around the 100% extension, where we might see price take a breather. But the real spotlight is on $365, the 200% extension level, which could be where we end up if this breakout goes full send. If Fibonacci levels have taught us anything, it’s that the universe loves a good price projection. Moving Averages and the Golden Cross Then there’s the 50-day and 200-day moving average crossover—the infamous “golden cross,” which might sound like something out of an Indiana Jones movie, but actually just signals bullish momentum. We’ve got price hanging above both moving averages, a classic recipe for sustained upward trends. Historically, this setup has a decent track record of making bulls look smart, and right now, it’s flashing green like a big, neon sign saying, “This way to higher prices.” Volume Profile and Key Levels between $200-$240 The Volume Profile is where things get interesting. That $200-$240 range is showing a massive amount of trading activity, acting like a gravity well for price. If IWM revisits this range and bounces around $235, that’s our green light for lift-off. This is the make-or-break level—the battleground where bulls and bears duke it out. Here’s the nuance: if price *rejects* $235 and consolidates, that’s what would actually form the handle of this cup-and-handle setup, setting the stage for a later breakout. If $235 holds, we’re looking at a more direct path upwards. If not, well… it might be time to rethink the moonshot narrative. Mapping Out the Bullish Scenarios So, we’re left with two paths. Path one is the steady grind up to our targets, where IWM just slowly marches its way to $315 and then potentially $365, no drama, just smooth sailing. Path two is the extended consolidation phase in the $200-$240 range through most of 2025, creating that classic “handle” structure. Think of it as the market getting in some much-needed cardio before the sprint. By end-Q1 2025, we should know which scenario is unfolding based on whether we hold above that $235 line. Curious to see if anyone else is seeing the same potential here. The combination of a cup-and-handle formation in the works, Fib extensions, and moving averages feels like a recipe for something substantial, but I’m always down to hear different perspectives. Are you all vibing with the $365 target, or is that too much hopium?
AMEX:IWM
by seaphoss
1
Bitcoin will trap everyone! 78k then 20% crash! (must see)Bitcoin is currently very bullish; that's clearly visible and soon will hit a new all time high. That's exactly the point where a lot of people will start buying with the belief of going to 100k - 130k. But you may know that Bitcoin is under extreme manipulation by BlackRock and other institutions. This is not a stock market, so they will not let Bitcoin go up, and instead they will trigger a massive crash back to 63k. Nobody likes Blackrock, but it's how it is. So what is the plan? First, I expect Bitcoin to go up and reach 78k. Then, when everyone buys, the price will crash to 63k. Do not forget that we also need to see a successful retest of the bullish flag. There is no retest yet. Bitcoin needs to confirm this uptrend, so do not FOMO in. I have been bullish since 60k or so, and I predicted the majority of Bitcoin movements in past months. Why is 63k important? We have a 200 daily moving average and FVG (Fair Value GAP) around this level. Also, the RSI indicator is starting to be overbought; you want to buy low when everyone is bearish. 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!
Long
by Xanrox
162
Bitcoin - 100 Billion $ Historical Liquidations | ALL TIME HIGH!Bitcoin is only a very small step away from reaching a new all-time high. On the following chart, we can see high leverage liquidity from traders around the world. The most liquidity is around 70k - 73k. Over 100 billion dollars are ready to be liquidated! How is this possible? Most people have their liquidation price exactly around this level on their short positions on futures. They believe the market will go down, but as you know, liquidity can be a very sweet spot for whales; of course they want all orders. From a technical perspective, bitcoin is forming a bullish pennant, and we have a strong bullish Elliott Wave combo (impulse wave + zigzag wave (1+2)). Wave 3 is in progress. Bitcoin will most likely experience a massive flash pump, now it depends on whales - will they take the liquidity for their sell orders or let it be to push the price higher? What do you think? Let me know in the comment section. 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!
BITSTAMP:BTCUSDLong
by Xanrox
70
APE will 10x in 2025, best time to buy now! (here is why)APE is definitely one of the most legendary NFTs on the crypto market, that's why you can be pretty sure that this coin will skyrocket in the near future! We already saw a pretty significant pump last week, and this pullback gives all market participants a great opportunity. Now you really cannot say that you missed this cheap price! So why is APE ready? On the chart, we can see a huge bearish pullback, this is really classic on crypto, nothing to be afraid of. The price is only retesting the previous ascending parallel channel and is currently approaching my buy zone. If you read this and you don't have any APE coins, you can feel really lucky for this pullback. From the Elliott Wave perspective, this coin is currently in major wave 3. Usually wave 3 is the strongest of all of them. I expect a minimum of 10x profit in 2025, but can go even much higher than that as FOMO may kick in. But let's be realistic for now. 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!
Long
by Xanrox
28
Solana - Strongest altcoin! New ATH + bull flag (buy now)Solana is currently one of the strongest altcoins. That's visible in the charts! Currently the price is forming a bullish flag pattern, so expect another big leg to the upside in the next few weeks. Where to take profit? Well, to answer this question, we have to use the Fibonacci extension tool and measure strong levels. I always use 0.382 FIB (383 USDT) and 0.618 FIB (829 USDT). From the Elliott Wave perspective, wave (3) was really huge; Solana made 2600% last year. But let's focus on the future because there is a very high chance of making another 100%-400% until the end of this year. We need to finish this cycle with wave (5). I recommend buying Solana as soon as possible before the huge pump begins! 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!
Long
by Xanrox
59
Ethereum - Starting final wave to 6000 USD! (+140%)Ethereum is still consolidating, but this will change in the next few days! On the chart, we can clearly see an ascending channel, and the price is currently near its support, which gives us an excellent opportunity to buy it with a very high risk-to-reward ratio! You can simply put our stop loss below the previous major swing low or below the trendline. From the Elliott Wave perspective, Ethereum is in a valid impulse wave. There are no overlaps between waves (1) and (4), and the price is starting a final impulse wave (5). Usually, as an Elliott Wave trader, you want to buy slightly above the support line of the end of wave (1). The price is also forming a symmetrical triangle, so expect a massive breakout in the short term. 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!
Long
by Xanrox
45
Bitcoin - All time high this week! (wedge is breaking out)Comment your altcoin, and I will make a technical analysis for you in response to your comment! Bitcoin is breaking out of the rising wedge pattern and will most likely hit a new all-time high until the end of this week or October! We can also see that a major bullish flag on the weekly chart is breaking out as well, so this is considered a double breakout. I have 3 short-term profit targets: 70,079 is the first major swing high of the major bullish flag. 73,777 is the previous all-time high level, and 78,438 is a very significant resistance because it's the 1.618 FIB extension. From the Elliott Wave perspective, this is extremely bullish as well. The combination of waves 1-2-1-2 creates an Elliott Wave bullish nest. That means we are currently in wave 3 of wave 3, and you probably know that wave 3 is usually the strongest of all of them. We can finally expect increased volatility! Write a comment, and 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. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
140
Target $3,745 in XAUUSD monthly timeframeOunce made a new ATH last week. Currently, it is involved in a monthly target that I specified for you with the help of Fibonacci extension. The beginning of the Fibonacci extension is the price of $252 on August 2, 1999 There is a possibility that we will have a price correction in this area, but if the price stabilizes above $2,713, it can continue to rise. The next target in the monthly timeframe of XAUUSD will be the range of $3,745, which can be thought of as a long-term view.
OANDA:XAUUSD
by mhbaniasadi
1
Bitcoin - 130k by January, then crash to 60k!Comment your altcoin, and I will make a technical analysis for you! Bitcoin is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is standard. We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest the current bullish flag (that you can see on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures! Why is 130K important? First we have the 0.618 fibonacci extension measured from wave 1+3 -> wave 4. Also, we have the long-term trendline of this bullish cycle, which is even stronger dynamic resistance level!  From the Elliott Wave perspective, we need to complete this impulse wave and make the last wave 5! This wave 5 already started at 49k in August. On the chart, we can see 2 major consolidation periods marked as wave 2 and wave 4.  The best plan on Bitcoin is to buy it and sell around 130k, then enter a short position on futures to make money in the next bearish cycle. You will also get funding fees for holding your short position! Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
133
GOLD → Consolidation in correction phase ahead of news...FX:XAUUSD is in correction phase, but before important news a consolidation is formed due to fear and unpredictability factor. Analysts are expecting a decline in inflation, but what will happen in fact? A bull run or a dump? Markets are pricing in an 81% chance of a 0.25% interest rate cut in November. But yesterday's minutes showed that most officials supported an excessive 0.5% rate cut to balance inflation confidence and labor market concerns. Ahead of CPI, Initial Jobless Claims ... If CPI shows stronger data, the question among regulators will be in a different vein of “should we cut 0.25?” which will only reinforce the dollar's rally and markets will continue a solid correction. A larger decline in CPI could revive hopes of an excessive Fed rate cut in November, triggering a correction in the US dollar. Gold could experience a fresh influx of funds..... Resistance levels: 2623, 2627, 2637 Support levels: 2605, 2600, 2585 Technically gold is in correction and the pressure from bears continues. In the mid (short) term, I expect a retest of resistance at 2623 (a false breakdown is possible) followed by a decline to 2600-2585. It is not excluded that the news may have an opposite effect... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
30
Fibonacci Retracement ExplainedWhat Are Fibonacci Retracement Levels? In simple terms, Fibonacci Retracement Levels are horizontal lines on a chart that represent price levels. These price levels help identify where support or resistance may likely occur on a chart. Each retracement level corresponds to a specific percentage, indicating how much of a pullback has taken place from a previous high or low. These percentages are derived from the Fibonacci sequence and include 23.6%, 38.2%, 61.8%, and 78.6%. Although not an official Fibonacci ratio, the 50% level is also commonly used. This indicator is useful because it can be drawn between a high and a low price point, creating levels that indicate potential retracement areas between those two prices. The basic Fibonacci Retracement amongst many trading platforms would normally look like this: While this is okay, I would recommend changing the settings to my suggested format to improve clarity and comprehension. The revised version would look like this: To copy this, the revised Fibonacci Retracement Settings are bellow: By doing this, it shows you the “Golden Zone.” This spot is considered one of the most important areas because price often pulls back into this zone right before “extending” in a bullish pattern. >>>>>NERDY INFO AHEAD<<<<< Calculating Fibonacci Retracement Levels The origin of the Fibonacci numbers is fascinating. They are based on something called the Golden Ratio. This is a sequence of numbers starting with zero and one. Then, keep adding the prior two numbers to get the third number. This will eventually produce a number string looking like this: • 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987...with the string continuing indefinitely. Fibonacci retracement levels are derived from the Fibonacci number sequence. As the sequence progresses, dividing one number by the next number yields 0.618, or 61.8% (233 divided by 377 gives you 0.618037. Divide a number by the second number to its right; the result is 0.382 or 38.2% (233 divided by 610 gives you 0.381967. All these ratios, apart from 50% (which is not officially part of the Fibonacci sequence), are calculated based on relationships within this number sequence. The golden ratio can be found in various places in nature as well. This includes spiral patterns of seashells (like nautilus shells), the arrangement of leaves on a plant stem, the petals of certain flowers, and the structure of pinecones; it's also often observed in art and architecture, such as in the proportions of the Mona Lisa and the Parthenon, where artists intentionally incorporated it for aesthetic appeal. Now, as you can tell, the Fibonacci isn’t just some lines and numbers someone made up. It’s in everything you encounter. It’s on charts. It’s in nature. It’s in geometry. It’s even in HUMAN DNA. Fibonacci Retracements vs. Fibonacci Extensions Remember when I said, “price often pulls back into this zone right before extending in a bullish pattern.” ??? That’s because Fibonacci Retracement, sometimes confused with Fibonacci Extension, is the act of price level pulling back to the Golden Zone. The Fibonacci Extension is when price level continues to move in a bullish pattern after pulling back to the Golden Zone. For example, if a stock goes from $10 to $20, then back to $13. The move from $20 to $13 is the retracement. If the price starts rallying again and goes to $30, that is the extension. Limitations of Using Fibonacci Retracement Levels While the retracement levels suggest potential areas for support or resistance, there’s no guarantee that the price will reverse to these levels. This is why traders often look for additional confirmation signals such as price action and patterns. A double bottom in this Golden Zone coupled with an RSI divergence is a very good indication the price will move after entering the Golden Zone. !!!Fun Fact!!! Fibonacci retracement levels were named after Italian mathematician Leonardo Pisano Bigollo, famously known as Leonardo Fibonacci. However, Fibonacci did not create the Fibonacci sequence. Instead, Fibonacci introduced these numbers to western Europe after learning about them from Indian merchants. Some scholars suggest Fibonacci retracement levels were formulated in ancient India between 700 BCE and 100 AD, while others estimate between 480-410 BCE.2 Cheers everyone!!! Happy Trading 😊
Education
by TaylorDeMario
SMCI - Can Super Micro Computer regain trust of investors?Super Micro Computer received non compliance note from Nasdaq for failing to timely file its annual report for the period ending June 30 by the Aug. 29 deadline. The company said it had 60 days to file the report or submit a plan to regain compliance. After Hindenburg short report and notice from Nasdaq, much negativity already priced in. If they can file their report for ending June 30, rebound started from just below 400 , might reach 530-usd (61.8%). In the end, revenue growth for fiscal year is expected at 80%.
NASDAQ:SMCI
by murat_cal
BTC bubbling against 3 MAJOR fibs going into FOMC wednesdayStrong bull push from 52.8k Genesis fib to sister Genesis at 61,256 There is also a fib from the "Top Down" wave just below at 60,820 Lastly there is a fib of the "Covid Sitmulus" wave hovering at 60,298 Thus we are hovering just below a MAJOR resistance zone. Within the next day (of this posting time) is the FED decision. This FOMC meeting is to start the RATE CUT process tomorrow. Bulls should be CAREFUL here. Bears should be CAREFUL here. Sheep may stay careLESS here. . Below are links to the 3 fib sets in full. =============================== "Genesis" wave (called every top since 2015 including our last one): ================================================================= "Covid Stimulus" wave (caused by FED printing and often reacts with FOMC) ================================================================= "TopDown" wave (from the top, nailed the lower high from 73k): =================================================================
COINBASE:BTCUSD
by EuroMotif
$ETH | Buy Trade | Market Exec | Technical Confluences: - Price action bounced off the 150% Fibo Extension & 61% Fibo Retracement - Price action is at an Interest Zone area Fundamental Confluences: - Nothing much happening in the Crypto space at the moment and it will follow general market sentiment - The main mover for Crypto space now will be on the FED interest rate cuts which cheapens cost of money and the US election ----- Will be entering an entry here for CRYPTOCAP:ETH & target the $3,244 levels. Will cut the position if it breaks the $2047 levels and will buy again if it's close to the support trendline and the Demand Zone. -----
Long
by weekendanalyst
$GOOG | Watchlist | Buy Limit |Technical Confluences: - Price is at Oversold levels from 1H all the way till the Weekly timeframe - Price just broke the 38% Fibo Retracement level (Orange) - Price bounced off the 61% Fibo Extension (Blue) - Price is also in a strong Interest zone; previously the highs of end-2021 - However, price has also broken through a Support trendline Fundamental Confluences: - No doubt, Google is a strong name in the tech and now, AI space - Due to their dominance in many sectors, they are bound to face many kinds of regulatory scrutiny and lawsuits from anti-trust laws etc. - Revenue streams moving forward may also be affected from the court's hearings - Considering that Generative AI is picking up traction, will it impact Google's core internet search business activity? Google will definitely still be there just facing stiffer competition ----- As market is consolidating and rotation out of the tech and AI strategy, I will also bide my time and not rush to get into holding this tech dominant force. It will be wait and watch story and orders have been set to buy some within the $115 - $130 range. -----
NASDAQ:GOOG
by weekendanalyst
$DXY | SilverEdge Insights |Technical Confluences: Price action is in Oversold conditions in the Daily and Weekly Timeframe. Likely to see some consolidation of positioning here. Price action broke out of an Upward Sloping Parallel Channel and cleared itself out of the that Interest Zone too. Likely will see a test to re-enter that Channel due to Oversold conditions. Elliot wave count shows it is trying to compete Wave C (expected target would be to 71% Fibo Extension levels - possible to test the 100% Fibo level) A new Downward Sloping Parallel Channel is in play now and Price action needs to see it break the mid of the Channel to see a substantial move downwards Fundamental Confluences: With the expected cuts, market started unwinding their long USD positions and it is reflected in the TVC:DXY The extent of Wave C will really depend on how quick and reactive is the FED in cutting rates (the higher chances of 50bps cuts; the likelier we will see USD get sold. Building into next week, we are likely to see some traders cover their short USD positions as they size down before NFP data. However, if there is any gyration on the geopolitical front or US elections, it is possible to see the TVC:DXY reverse back to the top of the Downward Sloping Parallel Channel and top out at the Interest Zone area again
INDEX:DXYShort
by weekendanalyst