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Fibonacci Extension

The Future For Gold (XAUUSD) Here I've provided my prediction for the future of gold. I do believe the DXY will make a final rally to the upside, making contact with the most recent weekly resistance. Based off the fibs I predict price of XAUUSD to move to the upside next week, maybe even the following week. Hopefully giving us that sweet rejection off the 61.8 fib level. Once I get the break of my 50 EMA I will be entering for the sell and holding until the bottom of the channel we are currently in. Feel free to leave your thoughts and opinions in the comments. OANDA:XAUUSD
OANDA:XAUUSDShort
by TheMoneyMavs
2
💱 Is it time for the Euro? 💱 InvestMate💱 Is it time for the Euro? 💱 For some time now I have been watching the Eur/jpy pair which is, in my opinion, beginning its journey towards breaking out and landing finally at the 150 levels. 💱 Looking at the key indicators. We see bullish signals everywhere. Given today's upward candle and the formation of increasingly higher lows, it is hard not to hold a bullish attitude. 💱 Target was set on the basis of 2 fibo measurements, the last biggest corrections and the target level is the cluster 1.618, which ideally touches on the round level of 150 💱 The stop was set below today's upward candle. 💱 As a result, the Risk/Reward ratio is 3 times for profit, which in my opinion is a very good result. 🚀 If you like my analysis leave a like and follow my profile 🚀
Long
by InvestMate
3
DXY - The best news for crypto/stocks! This is great news for the stock market and crypto, because it looks like the DXY index has reached its destination at the top of the ascending parallel channel on the monthly chart. The end of 2022 and 2023 could be very bullish for the stock and crypto markets! Maybe this is the last time we see Bitcoin below 20 000 USD. 2% inflation is on the table, we had a massive selloff in certain stocks, and they simply cannot fall in a straight line! If we take a look at the RSI indicator, we are in overbought territory. It pretty much screams for a correction. Then we can make a final uptrend and print a bearish divergence on the 5th wave. A previous swing high from 2001 is definitely a strong resistance and I believe we will take stop losses above this high before a huge downtrend will be in-play. But not now. It could happen in 2025. According to my Elliott Wave analysis, I am missing a final impulse wave to the upside, so do not celebrate too much yet. For now, we are ready for an ABC correction to the downside on this chart. As you can see, we hit the 1.618 FIB extension measured from wave 1 to wave 2. Extremely strong resistance indeed! Look at my ideas about Bitcoin and the SPX 500 in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYShort
by UnknownUnicorn2537518
45
NIFTY50 NEXT LEVEL [N3XTL6V9LTRADING]NSE:NIFTY Considering Global Markets, Indian Market and the price action we can currently consider following points: 1. Nifty made apparent double top which was confirmed with high volume breakdown. 2. We are currently in a consolidation phase for probable down move. 3. This is either ABC correction wave or ABCDE shaped triangle pattern. 4. 17000 has been a crucial level all along. It has been retested many times. If high volume breakdown happens from this level then we can see level of 16000 . 5. If we plot trend based fib extension then we get the 100% level at 16080 which is also near the simple projection of wave 1. 6. Considering the possibility of ABC or ABCDE pattern 2 projections of primary wave are drawn which give us the lose timeframe of 28Oct22 - 2Nov22. 7. This trade becomes invalid if market sustains above 17400.
NSE:NIFTYShort
by Altradr
SPX - How far can it drop?S&P broke down from it's weekly broadening "pennant" decisively last week after Powell gave another blow to the markets ("don't fight the FED" resonated with a resounding punch to the hopeful bulls, ouch!). It is now near June's low (point C) and pretty oversold in the near term. Hence a short bounce from here is possible but there is likely a lot less conviction for a sustainable bounce this time. Should we break June's low in the coming days, then the next support is around 3400-3500 where we have a conflucence of: 1. 50% fib retracementand of the major AB swing up and 2. 127% fib extension of the recent CD swing up However, I won't rule out a worst case scenario where market might not bottom until around 3200 where we have a conflucence of: 1. 61.8% fib retracement of the major AB swing up and 2. 161.8% fib extension of the recent CD swing up 3. horizontal resistence turned support @ 3200 This is just a technical prediction and by no means guaranteed. The market is fluid and Economic situations (& Powell) could change along the way and until we see a clearer sign that the bottom could be in, it is safer not to catch a falling knife unless one is an asttute short term trader or an ultra long term investor. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SP:SPX
by Juliac
6
DXY Fundamental & Fibonacci AnalysisThe Covid-19 pandemic and Russia vs Ukraine war created supply shortages and imbalance in the global economy. In order to balance out the supply & demand and find equilibrium, demand needs to be reduced to meet supply. The way they can achieve this is by hiking interest rates, making things more expensive and making risk assets costly to hold. Until inflation has cooled down, the Federal Reserve will continue to hike interest rates, which means selling of risk assets by smart money in exchange for USD, so they can profit from Dollar strength and high interest rates even when markets are going down, like a safe haven. It is estimated that at least 2 more rate hikes are priced in. If the Fed doesn't hike interest rates before recession it would be disastrous for the economy, it's unfortunate for most of the population but it's tough medicine. I expect continuation of the uptrend until the fundamental situation changes, which should happen sometime in 2023, possibly at the end of Q1, a year before the Bitcoin halving also. I expect DXY to break the Lower High at 121 and top out at 132, at the Golden Ratio of the previous swing impulse and the -0.272 Fibonacci extension. If you appreciate my analysis, don't forget to like this post and follow my page. Share your thoughts in the comments. Thank you
TVC:DXYLong
by sergiodef
2
BTC weekly falling wedge and bullish signs#BTC/USDT $BTC in the weekly time frame shows a divergence between RSI and price, also RSI candles are above HMA indicator, and price is above the lower zone of the falling wedge pattern. 🐮 these are some bullish signs that if it remains this way price will make a leg up to touch the resistance zone around $30k which is the same with the upper zone of the falling wedge pattern. 🐻 breaking down from 1.272 fib level will invalidate this scenario and price will drop to 1.414 fib level which is the lower of the lower line of the falling wedge. #women_life_freedom
INDEX:BTCUSDLong
by parissap
18
BTC.D - The Alt Season is around the corner! Don't miss it. The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.  The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.  It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.  We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!  As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.  ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.  The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.  Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.  For more analysis, hit "Like" and "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
64
Volkswagen going wild soon Germany's largest carmaker and DAX40 group Volkswagen did not perform well on the stock market in recent months and the share price went south. Since the beginning of the Ukraine war, the price lost slightly over 50% or 126€. On the overarching chart picture, however, this sell-off is only part of an overarching correction according to my assessment. The market is catching its breath to be able to survive the upcoming wave 3 well. Due to the current market situation on the indices, especially the strong sell-off in the German economy, the price will probably come down to the 0.887 retracement at the 99€, before the trend direction of the market turns. From there, a price increase of at least 300% is possible on a multi-year level. The 1.618 extension is at 396€ per share.
XETR:VOW3Long
by DavidJankowski
AUDUSD CONSOLIDATION BREAKOUTPair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation break ————— Key Takeaway: Been ranging for some time now and we finally saw some breaks to the downside toward the end of last week, we are looking for re-tests of this broken level of support before shorting as USD has gained some strength pushing this pair down ————— Level needed: need a close by — ————— Trade: Short RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom