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Fibonnacci

NVIDIA and Tesla TechnicalsNVIDIA As much as I want the train to keep moving forward, we are at an inflection point where the bears are starting to really pile in. The bulls are pulling back, and we may experience that -10% S&P correction. Everyone says this would be "healthy" for the markets, which would align in the traditional sense. However, we live in a different time now. With emerging markets and excess capital, companies are healthy. But, the economy is weakening. The Biden Administration has propped up the stock market with faulty "jobs numbers" adding ridiculous amount of government employees to supplement Jots Jobs Reports. Furthermore, this is the time of year for reallocation for major capital holders. Hence, the volatility increase. I fear the Bears are taking advantage of this time to pile on. NVIDIA had an increase of shorted shares by 4.5% in December. If the Bears take over and the bulls pull back NVIDIA will move down to $120 NVIDIA at $120 is inside "The Golden Fibonacci Pocket", a round number, AND the HIGHEST VOLUME Price level for the entire year of 2024. 3 VERY significant technical reasons big money will wait for this $120 level to be reached. It will ALSO be where the Shorts of $139-$140 will cover. This could spawn a V shape recovery from $120 flying HIGH straight to $160 ($4 Trillion Market Cap). Apple is at $3.85 Trillion. NVIDIA currently does more Net income with 30% the Revenue that Apple does. Who will reach $4 Trillion first? TESLA In a much more simple analysis. TESLA is currently testing the 78% Fibonnaci Level. Already flushed through the short time frame "Golden Pocket". So, the 78% Fib is the last line of support for TESLA. The break of the 78% Fib level will be a clear sign of a move down to a lower low, with support being around the bottom of the downtrend channel seen in the chart. IF interested in shorting TESLA is the better one.... currently. However, that could change. I personally will only Day trade SHORTING TESLA looking for the $365 level to start buying in, and dollar cost averaging down. TESLA is here to stay, I'm sure. Same with NVIDIA JUST REMEMBER... Apple has gained 60,000% since 2001.... and I believe NVIDIA is the future. Because, AI is the future. Like smart phones were the future. I believe AI will be bigger than Tele-Communications.
NASDAQ:NVDA
by Scottlee74136
Will Bitcoin Go Up or Down from Here?Where does Bitcoin go from here? In my previously published idea I supported the idea for a bounce from 95k. We did closed above 95K but looks like we are not going to hold it.. According to Fibonacci (using my Dynamic Fib Retracement indicator), if we now close below the preliminary fib line around 95K, this could spell trouble for Bitcoin and result in more downwards price action. Also according to the DFR , targets for that would be: 80.5K USD (The Orange 'Median Line') and 70-73K USD (Inside the blue Fib Golden Pocket) Follow me for more BTC analysis!
Short
by poolsideliquidity
2
ZEN - Is It Time for a Correction?It appears that ZEN is in the process of forming a potential ABC corrective structure: Wave A and Wave B Context: Wave A (5 impulsive waves down) is complete, forming the foundation of this corrective pattern. Wave B retracement is currently unfolding, heading toward the golden pocket zone (Fib 0.618 - 0.666). If price extends further to Fib 0.786, this would offer the best short entry with minimal risk and high reward potential. Ideal Short Entry Zone: The golden pocket (Fib 0.618 - 0.666) is identified as the optimal area for initiating short positions. For added precision, consider laddering entries from Fib 0.618 up to Fib 0.786, especially during fast impulses. Wave C Target Zone: The projected Wave C target remains the 1:1 trend-based Fibonacci extension at $24.46, with the following key confluences: Anchored VWAP at $29 Point of Control (POC) from the old trading range Psychological level of $30 Fib speed fan 0.618 aligning with the support zone Trading Plan Short Setup: Ladder short entries in the Fib 0.618 - 0.786 zone, monitoring price action for confirmation. Aim for Wave C completion around the $30-$29 support zone Long Setup (Wave C Completion): Watch for signs of reversal at the $30-$29 support zone, which offers significant confluence for long entries.
Short
by SiDec
11
Alibaba: Will $BABA Bounce Back or Break Key Support (Daily TF)Hey everyone, below is an analysis on NYSE:BABA using MACD, RSI, Fibonacci levels and technical (gap) levels. Current Price Levels: NYSE:BABA is trading around $89.35, down significantly (~26%) from its October 7 high of $117.82. A notable gap between $85 and $86.95 suggests this is a key level of interest for potential support or further downside risk. Momentum Indicators: MACD: Shows signs of curling upward, which could indicate momentum shifting toward bullish sentiment. RSI: Currently not oversold (at 36), but still in a relatively low range, suggesting there is room for price recovery. Technical Levels: Gaps and Fibonacci retracements are marked as potential resistance and support zones: Gap resistance levels: $93.33-$95.05 and $96.80-$99.18. Higher resistance levels around $104.41 (gap from October 15) and $117.82 (October high). Previous daily high at $89.50 could act as near-term resistance. Fibonacci Levels: The chart includes a retracement from the October high ($117.82) to recent lows, with levels such as 0.236 ($90.29), 0.5 ($102.53), and 0.786 ($111.27) potentially serving as resistance on any upward move. Feedback and Outlook: Support and Resistance Analysis: Support: The gap zone between $85-$86.95 may provide a strong base if selling pressure continues. A break below $85 could indicate further downside. Resistance: Short-term resistance is seen at $90.29 (0.236 Fib level) and $93.33-$95.05 (gap resistance). These levels will likely be tested if buying pressure builds. Gaps to Be Filled: If the price begins to recover, the first upside target would be filling the $93.33-$95.05 gap. This aligns with Fibonacci retracement levels and may act as strong resistance. Outlook: Bullish Case: If momentum continues to build, expect a recovery toward the $93-$95 range, with further potential to reach $102 (50% retracement). This would require breaking above immediate resistance at $90.29. Bearish Case: If the current support at $85 fails, further downside to test levels around $80 or lower is possible. Final Thoughts: The chart suggests a cautious bullish outlook in the short term, especially if the $85 support holds. Watch for price action and volume around the resistance zones to confirm whether this is a dead-cat bounce or a true reversal. Currently in NYSE:BABA 1/17/25 $100c (BOT @ $1.73).
NYSE:BABALong
by Brandonthrives
EUR/USD Downward Movement to Continue?The EUR/USD pair continues to show bearish potential on the daily timeframe. While Friday's high could be taken as part of a retracement, the overall trend remains bearish. There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure. Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes. Trade Safe ;)
Short
by jp7fx
1
Golden Horizons: Technical Precision Meets Fundamental PowerOANDA:XAUUSD - Daily Gold’s Bullish Breakout Shines Bright! Gold (XAU/USD) has confirmed a strong breakout from a Falling Wedge and Rounding Bottom, rebounding off the 50% Fibonacci level (2,533.75). With the next target at the 161.8% extension (3,107.09), this setup offers a potential 16.49% gain in just 77 days. Ideal for position traders seeking long-term growth and swing traders capitalising on interim moves. 🚀✨ 🌟 Technical Highlights: Gold’s Bullish Setup in Focus Gold (XAU/USD) is setting the stage for a remarkable upward journey, supported by two key bullish patterns that signal strong momentum ahead: 1. Falling Wedge The recent breakout from a falling wedge pattern is a textbook example of a bullish continuation. This move signals the end of a consolidation phase, where sellers lose control and buyers step in decisively. The breakout is accompanied by strong momentum, confirming that the bulls are in command and driving prices higher. 2. Rounding Bottom Formation Adding to the bullish case is a clear rounding bottom pattern, a powerful long-term reversal signal. This pattern reflects steady accumulation by buyers, often seen as the market transitions from bearish sentiment to a confident bullish trend. It provides a solid base for sustained upward movement. After retracing to the 50% Fibonacci level (2,533.75), the price rebounded strongly, breaking out with conviction. The next key target lies at the 161.8% Fibonacci extension (3,107.09), representing a potential 16.49% gain over the next 77 days. This setup combines technical precision with a clear path for growth, making it a compelling opportunity for traders to watch. Gold’s journey upward is gaining momentum—don’t miss the move! 🌍 Fundamental Insights: Gold’s Shining Role Gold continues to solidify its status as the ultimate safe-haven asset, thriving on a combination of global uncertainties and supportive monetary policies. The Federal Reserve’s dovish stance, characterised by steady interest rates, has reduced the appeal of fixed-income investments, making gold a preferred alternative for investors seeking stability in a low-yield environment. Simultaneously, persistent inflationary pressures and geopolitical tensions are driving investors toward gold as a hedge against declining purchasing power and economic instability. As crises in key regions escalate, gold’s reputation as a reliable store of value during turbulent times becomes even more pronounced. This blend of factors is propelling gold’s bullish momentum, appealing to both long-term investors and short-term traders eager to capitalise on its growing demand. Gold isn’t just performing; it’s standing out as a pillar of strength in today’s unpredictable financial landscape. 📆 Seasonal Boost: The Golden Demand Wave Gold traditionally enjoys heightened demand in the first quarter, driven by cyclical buying patterns in key markets like India and China. In India, the wedding season and festivals fuel a surge in gold purchases, while in China, the Lunar New Year celebrations see gold as a symbol of wealth and prosperity. These cultural and seasonal factors consistently create upward pressure on prices during this period. This seasonal demand perfectly aligns with gold’s current technical breakout and strong fundamental support. The convergence of these factors strengthens the bullish outlook, making the first quarter a historically proven and timely opportunity for traders and investors to capitalise on gold’s momentum. 🙏✨ Thank You for Reading! Wishing you incredible success on your trading journey! 🌟 Always remember, proper risk management is the cornerstone of sustainable growth in the markets. Stay disciplined, stay confident, and let the charts guide your path. 📈💼 Good luck with your trades—may profits be ever in your favor! 🚀💰
OANDA:XAUUSDLong
by SpicyPips
$AMGN observationThis is just my observation, not advice. Technical: 1. Price touched the 200 SMA. 2. Price is corrected to 50% correction and slightly pumped after reaching the supportive zone. 3. Price reached the volume price of FRVP around 270$. 4. The correction nature of the latest candles in the blue box is obvious. 5. In the daily and 4H charts, the stock is almost in the oversold zone. 6. A significant divergence is observable on the daily chart. Fundamental: 1. P/E ratio: 34.4x (Not undervalued) 2. In November 2024, Amgen's Phase 2 study of MariTide showed a 20% average weight loss over 52 weeks in obese patients without diabetes. While promising, it fell short of analysts' 23–25% expectations, raising concerns about its competitiveness against treatments like Eli Lilly's Zepbound and Novo Nordisk's Wegovy. 3. On November 26th, after MariTide phase 2 announcement, the price was mixed but could be considered to have moved up impulsively. 4. On 5th December, Amgen announced to invest 1B for expansion. 5. NASDAQ:AMGN launched Pavblu as a rival of NASDAQ:REGN 's Eylea. 6. On December 7th, NASDAQ:AMGN out significant result for Blinatumomab. 7. Based on reports, NASDAQ:AMGN raises quarterly dividend 5.8%. 8. Analyst sentiments: 14 buy, 15 hold, 3 sell. Scenarios: We are in the correction with two main scenarios: 1. ABC correction has been completed and impulsive waves have been started so we should look for entry. 2. A correction wave has been completed, and we are now in the B wave correction. In this case, we should see another price drop on wave C. After then, we can look for long on around 78% correction and trendline.
NASDAQ:AMGNLong
by jack_the_real_trader
Trading Timeframes: Measured Moves and ContextIn the previous post, we introduced the concept of measured moves, a structured framework for estimating future price behavior. This method is based on the observation that each swing move tends to be similar in size to the previous one, assuming average price volatility remains consistent. While not exact, this approach offers a practical way to approximate the potential extension of a swing move. A common question that arises is: which timeframe should you use for measured moves, and how do you choose the correct swing move? These questions open up a completely different and important topic. Imagine analyzing a chart across three timeframes: daily, weekly, and monthly. You’ve projected a viable measured move on each chart. Now, ask yourself: which projection is the correct one? Where is the move most likely to play out? Daily Weekly Monthly The reality is that there is no singular “correct” answer. The appropriate measurement depends entirely on your purpose as a trader, the timeframe you operate in, and trading style. The Fractal Nature of Price Action Price action is fractal by nature. Regardless of whether you’re observing a 30-minute chart, a daily chart, or a weekly chart, the price displayed is the same in real time. However, the purpose of charts is to provide context. Each timeframe offers a unique perspective on how price has developed. For example, a 5-minute chart may reveal details about intraday movements while a daily chart condenses those details into broader a broader structure and context. These perspectives may align or contradict one another, they can confirm or challenge your biases. The key takeaway is that charts and timeframes are tools to contextualize price, not definitive answers. Defining Your Trading Timeframe To navigate the apparent contradictions between timeframes, start by defining your trading timeframe. This is where you analyze price structure, execute trades and define holding periods. This will answer the opening question: measured moves and other tools should in preference align with your trading timeframe. In case one wants to consider context, for various reasons, then multiple timeframes can be utilized. These act as a complement, not replacement. Here’s how different timeframes can be used for context. Higher timeframe: Moving one timeframe up will compress the price data, providing a broader context, but at the expense of detail. Lower Timeframe: Moving one timeframe down will reveal intricate details, but can introduce excessive noise. The balance between these components should match your trading style. Without a clear and defined approach, there is a risk of confusion and contradictory biases. The Concept of "Moving in Twos" Another, more anecdotal observation in price movement is the idea of “moving in twos.” This concept suggests that price often moves in sequences of two swings: an impulse move, followed with a pullback, which then repeats. There tends to be some price disruption after this has played out, but does not always imply that trend movement must stop after two moves. However, measured moves tend to align more reliably with these sequences. While not a scientifically validated principle, this concept has been discussed by traders such as Al Brooks, Mack and more. It provides a practical heuristic for applying measured moves more consistently. Practical Application To apply these ideas, consider the following: Define your trading timeframe. Use it as the primary basis for your measured move projections. If needed, incorporate one higher or lower timeframe to balance context and detail. However, these additional perspectives should not overrule your primary focus. Think in terms of “moving in twos.” Use this concept to locate sequences. This post was about the relationship between timeframes and the fractal nature of price action. The focus is on our role as traders and how we decide to operate, rather than absolute answers. This might be clear to most, but if not, take some time to think about and define your trading style.
NASDAQ:QQQEducation
by StockLeave
$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.
NASDAQ:REGNLong
by jack_the_real_trader
AAVE/USDT 4-Hour Chart Analysis- Trend Analysis: The AAVE/USDT pair is currently in an uptrend, as indicated by the series of higher highs and higher lows. The price has recently broken above several key resistance levels, now acting as support. - Support Levels: $344.42: Previous resistance turned support after the breakout. ~$332.81: Fibonacci retracement level at 0.236. ~$323.56: Fibonacci retracement level at 0.382, which has also acted as support in the past. - Resistance Levels: ~$389.06: Current price level, acting as immediate resistance. ~$397.51: Next psychological resistance, slightly above the current price. - Fibonacci Retracement Levels: The chart shows Fibonacci retracement levels drawn from the recent swing low at $246.10 to the swing high at $397.51. Key levels include: 0.236 at $332.81 0.382 at $323.56 0.5 at $315.06 0.618 at $306.23 0.786 at $293.42 - Volume: There's a noticeable increase in volume during the uptrend, indicating strong buying interest. Volume spikes are particularly evident at breakout points. - Moving Averages: The chart includes moving averages, which are not explicitly labeled but seem to be guiding the price action, with the price staying above these averages during the uptrend. - Strategy: -- For Buyers: Consider buying on pullbacks to the support levels, especially if the price holds above the $344.42 mark. Keep an eye on the volume for confirmation of buying interest. -- For Sellers: Wait for a clear break below the $344.42 support to target lower levels, possibly aiming for the Fibonacci retracement levels as potential targets. - Risk Management: Always use stop-loss orders below key support levels for long positions to manage risk. For short positions, set stop-losses above resistance levels to protect against unexpected breakouts. - Outlook: Bullish if the price maintains above $344.42, with potential targets at $397.51 and beyond. Bearish if the price breaks below $344.42, with initial support at $332.81 and further potential downside to $323.56. Note : This analysis is based on current market conditions and should not be considered as financial advice. Always do your own research or consult with a financial advisor before making trading decisions. This text provides a detailed analysis of the AAVE/USDT chart, focusing on key technical levels, trends, and potential strategies for traders, which can be useful for those looking at this chart on TradingView or similar platforms.
by Alireza-Abedi
#XRP/USDT 12h / Elliott-Fibonacci-Financial ChannelAccording to Elliott Wave theory, the price rose during the impulsive first wave and corrected in the second wave as an ABC zigzag to the 0.382 Fibonacci level. This aligns with Elliott's rules, suggesting that the correction of the fourth wave will likely be at 0.5 - 0.618. Based on the impulse of the first wave, the target for the third wave is 4.25, followed by a correction within the fourth wave. Using Fibonacci projections by shifting the grid from the start of the first wave impulse to the end of the second wave, the target for the third wave aligns with Fibonacci 1.618 (5.82). Without shifting the Fibonacci grid, the target for the third wave at Fibonacci 1.618 is 4.40. To confirm this scenario, the price must break above the peak of the descending financial channel. Successful trades!
Long
by WoWAcEDuDe
Possible entry points for $NASDAQ:QUBT NASDAQ:QUBT appears to be going through some consolidation after a quick runup. I can see a couple of entry points. The first is to fill a gap in volume established above $5.15 support. My suggested entry target would be ~$5.45. This is the riskier of the two entry points, as you're buying as the stock is falling. See December 3rd as an example, where it retraced to the Fibonacci .5 The more conservative entry point is after the stock breaks out of consolidation. My criteria for that is that it closes ABOVE the recent highs accompanied by higher volume. I would set an alert closing above $7.90 to evaluate.
NASDAQ:QUBTLong
by dzygadlo
1