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Fibonacci

Power of Having Multiple Confluences in TradingThe more confluences you have, the more confident you are in the fact that your technical setup will play out according to the plan. Confluences come in different shapes and styles, whether it is combining some Moving Averages and Bollinger Bands with price action, or having your grandma flip a coin a decide the faith of Bitcoin. On the graphical illustration that you can see on the screen, 3 confluences have been utilised to back up our idea and they are the following: 1) "Break + retest" formation 2) "Triple Top" pattern 3) Fibonacci retracement tool It can be noticed from the left hand side of the screen, that the price has nicely broken out of the ascending channel and re-tested the local key structure. Moving to the next step, it can be emphasised that a nice "Triple Top" pattern has been formed. Lastly, we add another confluence to back up a possible scenario that we have eyes on by using the 61.8% Fibonacci retracement level, which is referred to as the "Golden Zone". Taking a look at the chart, we can clearly observe that long candle wicks are nicely rejecting this very zone. All in all, combining multiple confluences give us enough confluence to back up our sentiment. However, nothing is 100% guaranteed in the markets, meaning that it is not promised that your trade will play out perfectly no matter how many confluences you have. Thus, be risk-tolerant, patient, and cold-blooded! Have a great upcoming weekend, everyone!
BITSTAMP:BTCUSDEducation
by Investroy
7
FIBONACCI Retracement ✅✅✅‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines . Usually the price retracts to 50% or untile OTE (0.62, 0.705, 0.79) before another impulse movement occurs.
OANDA:XAUUSDEducation
by Snick3rSD
1977 Interactive Double Zigzag Elliott Wave TheoryS&P 500 Index (SPX) Trying to dive into some Elliott wave theory and I have a more "interactive" chart to present based off of historical data. I chose this sequence and timeframe because it seems easiest to understand with confirmed examples from some of my own reading materials. This was notated by previously known EWT masters to be a "Double Zigzag" corrective wave, in a bull market. I have taken the time to attempt to notate the subdivisions more clearly. This may not be perfect, but it is the best I can provide of a learning resource at this moment from my current understanding of EWT. The wave degrees may be slightly wrong but I think the wave count is technically correct as long as the first wave C of the first move down is actually some sort of diagonal. I also speculated that it could be a triple-three but I think a diagonal impulse makes more sense in that phase of wave C. Thanks for checking it out! Follow for more EWT ideas! My Elliott wave analyses could be wrong at any moment , this is practice solely for educational purposes. Please do your own research as always! Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
TVC:SPXEducation
by Hambooger
How to use different types of Fibonacci in TradingViewWave Relationships and their relation by Fibonacci Ratios are among the most helpful tools for target prediction. There are different types of Fibonacci and different tools with different names in different software packages. This may make users somehow confused . Here, we try to shed some light on various mostly used Fibonacci types and explain their usage for target prediction. Also we explain their related tool in TradingView and their way of implementations. As shown on the chart, there are four main types of Fibonacci : 1- Internal Retracement 2. External Retracement (Extension) 3. Expansion 4. Projection Before going through details, it is worth to mention that knowing wave relationships is a key to implement Fibonacci tools accurately. Different types of wave relationships is beyond the scope of this publication. Here, for simplification, we show most simple type of wave cycle which is ascending complete cycle with one 5 leg up impulse and one abc form of correction . Also, we try to explain more typical Fibonacci Ratios for target prediction and skip less often ones. 1. Internal Retracement: This is simply for calculation of the amount of correction in the main trend. It means we can predict where a counter trend correction may end. As shown on the chart, it can be used for target prediction of wave 2 and 4 in an up trend and also wave B in a down trend. It can also be used for calculation of end of wave C which is the end of correction of whole up going wave. Green arrows on the picture show the direction of using this tool which is "Fib Reracement" in TradinView. For example, we put first point at the start of wave 1 and second point at the end of this wave for obtaining possible targets for wave 2 and so on. Wave 2 can end at 0.382, 0.5, 0.618 and 0.786 Fibonacci Retracement levels of wave 1. Fibonacci levels at which wave 2 ends can send us a signal about the amount of next waves. This is again beyond the scope of this publication. Wave 4 can typically end at 0.382 or 0.5 Retracement of wave 3. Less and more amount of Retracements are also possible, but those make wave relations more complicated and does not match with our simple shown example. Wave B typically corrects 0.382 , 0.5 and 0.618 of wave A in a simple zigzag correction. More Retracements signals for more complicated corrections e.g a flat correction. Wave C Retracement levels are similar to wave 2 in shown wave cycle since it is end of a larger degree wave 2. 2. External Retracement: This Fibonacci which is also called " Extension" can be used for calculation of end of wave 3 or 5 in an up trend and end of wave C ( which is end of whole correction) in a down trend. We have same tool as internal retracement in TradingView however ,unlike internal Retracement, an extension should be drawn from a high to a low in an up trend and vice versa as shown by green arrows on the related figure. Wave 3 Fibonacci Ratios by extension depends on the amount of wave 2 correction. For example, 1.618 or 2.618 extension of wave 2 can be the target for wave 3. Robert. C. Miner has proposed a very useful table for targets using external retracement. Wave 5 typical targets are 1.272, 1.414 and 1.618 extensions of wave 4. This ratios are also the same for calculation of end of wave C. 3. Expansion: Based on my experience, Fibo expansion is most useful when we have over extended waves for example over extended wave 3. In this case , 1.618 or even 2.618 Fibo levels can be the typical targets. Related tool in TradingView is Trend-Based Fib Extension. Please note that this tool in TradingView is a three point Fibonacci while expansion is two point Fibonacci tool. Therefore, Implementing this tool for obtaining Expansion levels is a little tricky. For example, for calculation of wave 3 we should put first point at the start of wave 1 and double click on end of wave 1. There are also more details in implementing Fibo expansion for example we have different types of Fibo expansion. We can skip details here to keep this publication as simple as possible. 4. Projection: This is the only 3 points Fibonacci that we have. Some software packages call this Fibonacci as Expansion !!. Its related tool in TradingView is Trend-Based Fibo Extension. It is a very useful tool for calculation of end of wave 3, 5 and C. Again green arrows show how to use this tool . For example, For wave 3 target calculation we set first point at the start of wave 1, second point at end of wave 1 and third point at the end of wave 2 or start of wave 3. 1.618 and 2.618 Fibo levels are typical for end of an extended wave 3 when using Fibo projection. 100 % Projection of wave 1 from low of wave 4 is a typical one for end of wave 5 target. Also 0.382 or 0.618 projection of wave 1-3 from low of wave 4 is a helpful ratio for wave 5 target calculation. For a wave C, most common projection is 100 % of wave A from top of wave B. How to make a Potential Reversal Zone ( PRZ) : We can make our potential reversal zone stronger by combining all proposed tools . Take another look at the figures. What can we see? yes. We know four tools now for calculation of end of wave C. Suppose how strong a possible buy zone can be when 4 different tools suggest it as potential reversal target ! Hope this to be helpful. Please do not hesitate to ask questions if you feel need to ask. Good luck every one.
NASDAQ:TSLAEducation
by SaeedSajedi
3
📌Fibonacci & FIBO retracement❗✳️The author of the Fibonacci series of numbers was the Italian mathematician Leonardo Pisano. The series has been known for centuries for this series of numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 and so on until infinity. The number is calculated by the sum of the two previous numbers. This numerical relationship has also been used on the financial markets for a century.The number Phi is of particular importance. Phi was created from the golden ratio. The golden ratio is the ratio of two numbers, the higher number is the numerator and the lower number is the denominator. The result is always around 1.618. Below is an example: a = 0.618 b = 0.382 0.618/0.382 = 1.618 Golden Ratio: 0.618 + 0.382 = 1,000 🔶🔷It's all about resistance and support: The Fibonacci retracement is a method of finding potential resistance and support zones in an underlying asset. It is based on the idea that a predetermined portion of a move from a price will bounce back. After that, the price will continue in the “real” direction. Often a correction corrects a Fibonacci percentage of a previous wave. From experience, the most common retracement levels are 38.2%, 50%, and 61.8%. These levels are watched by most analysts because they represent potential market reversal points. 🔴As an example, this chart depicts the rally of BITCOIN towards its ATH . The price drops right back to the 23.6%, after which the price stabilizes and continues in the uptrend 🔵The next chart shows the ETHUSDT on the 4H chart. As we see, the price is going back to the 23.6% and then 38.2% zone, but it failed to stabilize and falls to the next 50% retracement level and returned . Prices recovered and made a new high, continuing the previous uptrend. ⚪Fibonacci Analysis allows you to determine the support and resistance levels of a price correction and more importantly helps you find price targets and potential reversal points Almost in any market for instance in the past rally for ADAUSDT, I used Fibonacci to determine the possible targets, and it exactly worked:🎯🏹 🔰How to draw Fibonacci retracements on the chart: It is best to use candlestick shadows so that the analysis includes the extremes of market sentiment. Most of the time the difference is not significant, but sometimes it is crucial. The example below shows how the Fibonacci retracement was drawn to the shadows of the candlesticks from the trend low to high. The measurement should be in the same direction as the price movement. After the measurement, the horizontal lines can be seen in the chart. These lines are potential support and resistance levels. 🔰Fibonacci retracement as part of trading strategy: Fibonacci retracements can be very efficient for timing a trend. This method is often used by traders as part of trend strategy. With this strategy, traders monitor key price levels within a trend. This means they buy when the market is going up and sell when it is going down. Traders try to place orders in the same direction as the original trend (less risk). In this scenario, you assume that the price has a certain probability of bouncing off the Fibonacci levels and moving back in the direction of the main trend. In our example, the price dropped to the 38.2% level before correcting again. The probability of a turning point in the market increases sharply, 🔰Powerful and sometimes useful: Fibonacci retracement is a powerful tool and useful because it often marks reversal points with uncanny accuracy. Because of this, it should be used in conjunction with other indicators to identify potential trading opportunities. also There are five types of trading tools that are based on Fibonacci's discovery: arcs, fans, retracements, extensions, and time zones and ... . The lines created by these Fibonacci studies are believed to signal changes in trends as the prices draw near them.
Education
by PRO_SMART_Trader
2
Take Profit Screener Tutorial (EN)Hi all, I'm going to introduce you to the Take Profit Screener tool. It allows you to manually scan your watchlist so to determine at a glance the assets that would give you the best profitability potential. It is a 2 in 1 tool that allows you to : identify where your Take Profit ratios are located whether you are in SHAD or Cycle Strategy identify the potential reward percentages when approaching the key Fibonacci levels Thanks for watching Waiting for your feedback. enjoy ;-)
Education
by boursicotman
FHZN - The power of elliot waves | Volume 2The zurich airport is tough, but in the coming months this toughness will be tested once again! SIX:FHZN Our last analysis on this share was published on January 12, in which we warned about a potential sell-off. In this analysis we highlighted the importance of the wedge formation to our subscribers. In the last days the stock fell by more than -20% and we have now left this formation. Today zurich airport published its earnings and based on them we can evaluate the progress of the company. The airport was able to slightly reduce its net loss in the past year but disappointed investors with lower revenues than expected . Revenues were just under 680 million , which is about half of what they were before the Corona crisis. The management announced that a full recovery to the pre-crisis level of 2019 is not expected until the end of 2025. Investors will have to be patient with the company and as most assumed there won't be a dividend payout again this year. This however gives the management the opportunity to direct the money to where it's most needed. Overall, the airport is recovering in small steps from the shock of the Corona crisis. The upcoming years will bring further difficulties, but the management will concentrate on navigating the company back to profitability. Technical explanation of the elliot wave structure: As mentioned above, the share price has fallen by almost -20% since we last warned of a sell-off. We as Mendenmein Capital see this as another confirmation of our calculations. Nevertheless, we assume that the share has now expanded a first downward impulse in the white wave (1) and in the coming weeks a slight recovery must be expected in the white wave (2). This wave will lay the foundation for further sell-offs and the target for the next year is located at just 95 swiss francs. The white wave (3) should be able to reach this target without any problems. After a short recovery in the white wave (4), a final wave (5) will continue to correct towards our final target of 80 swiss francs. We assume that this downward impulse will occupy us in the coming months and years. In the long term however, we are extremely bullish and the formations of the last years point towards a very large wave I / wave II super cycle. This means that we have a multi-year bull market ahead of us after the completion of wave II, our subscribers are familiar with this term by now. The long-term price target for this stock is 450.- and we at Mendenmein Capital are extremely confident in our optimistic views. On our website investors can learn more about the zurich airport share and other stocks! www.mendenmein-capital.com Disclaimer: According to legal regulations, Mornau-Research is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk. Mornau-Research cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence. =============================================================================================================== If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
SIX:FHZNEducation
by Mendenmein-Capital
The 6-Candle RuleThe 6-Candle Rule can be applied to any time frame chart of the traders choosing. 60 minute chart means that we have 6 hours for this trade to start moving. If the short is entered in that area and price doesn't begin to move down, we'd then make the adjustment. If the level is identified on a 15 minute chart, then we’d manage the trade after 90 minutes (6 15-minute candles). One of the biggest questions that I hear often from traders are questions about finding the perfect entry, and a close second is how to place stops and targets once that order has been entered. While entries, stops, and targets are of the utmost importance, something that I’m typically missing is how to manage the trade once I’m in and before it hits either the stop or the target. Ultimately, this comes back to understanding the power of time. Any trader who's ever gotten into a position that has “stalled” after entry knows what I’m about to describe. The feeling of dread that creeps in, leaving only a sliver of hope because everything in their gut tells them it’s all about to go against them. This is the point where many traders stay in, having a rule that says to stay in no matter how long it takes to hit the stop or target. This then causes emotional stress that’s only compounded when the stop is hit and the trader feels like they should have gotten out earlier. Over time it may cause a trader to jump out because they feel like they’ve gotten burned, only to see price just before it makes the move you thought it was going to make anyway. If this sounds like you, don’t feel alone! I’ve seen this in more people that I can count, but there’s a rule to help fix it. The rule is called the 6-Candle Rule. The 6-Candle Rule is pretty simple and consists of 3 parts: 1. Upon entry of the trade, if 6 candles on the entry timeframe have passed without price starting to move in the direction of the target, we have to make an adjustment. 2. If the trade is currently profitable, this is the time to move the stop to breakeven and leave the trade open. This gives the trade time to work, but removes the risk of the position. 3. If the trade is currently in the negative but has not yet hit the stop, close the position and move on. The 6-Candle Rule can completely transform your trading . The rules will take some discipline to implement, but it can be a total game changer to your trade management. The rules are not set in stone set for you to follow but the idea is if you implement a framework for trade management of current open positions, the impact will be a positive one! This will be different for every individual trader/TF/Risk tolerance etc etc etc FX:EURUSD 👍
Education
by AdamsLibrary
how does the price move? 📖💡The movement of the price is depending on supply and demand What is supply? Amount of the product or output that the seller wants to sell with the certain price What is demand? Amount of the product or output that the buyer wants to buy with the certain price for a better understanding of the concept of supply and demand, let's start with a simple explanation and example for home auction and after that, we will explain more for financial markets first scenario one seller and more than one buyer in this scenario, demand will surpass the supply and make competition for better and more price of buying for one product and this competition of the increasing of the price continues till one of the buyers still be willing to buy the product with a higher price second scenario one buyer and more than one seller for the same product in this term, supply surpassed the demand and make competition for the lower price of selling the same product and this competition of decreasing the price continues tills none of the sellers be willing to sell the product with lower price and there are some exceptions that are none of our concern about the financial market, we are dealing with a double auction in this term, we are dealing with more than one seller and more than one buyer of the product or output that both groups offering the price for their desire so at the same time we have a different price for one stock and the way to have successful buy or sell position is that buyers increase their price to reach to the seller's price or sellers decrease their price to reach to buyer price and our other option can be that traders decide to buy or sell without any paying attention to orders, lines, and price and just wants to be entered or exit to the market so with every available price automatically, they reach their request we will explain more in our next tutorial Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
COINBASE:ETHUSDEducation
by MadWhale
11
TYPES OF FIBONACCI's & WHEN TO USE THEM 📐📏 Hey traders, In this article we will discuss two very popular Fibonacci tools: Fibonacci retracement and extension. 1️⃣Fib.Retracement tool is applied to identify a completion point of a retracement leg within an impulse. As you know price action has a zig-zag form. For example, in a bullish trend, the price tends to set a higher high then retrace and set a higher low before going to the next highs. In a bearish trend, the price tends to set a lower low and retrace to a lower high. With retracement levels, we are trying to spot the point from where the next impulse in a bullish or bearish trend will initiate based on the last impulse leg. Fib.levels that we will apply are: ✔️0.382 ✔️0.5 ✔️0.618 ✔️0.786 The retracement levels will be drawn based on XA impulse leg. From its low to high if the impulse is bullish and from its high to low if the impulse is bearish. From one of the above-mentioned levels, a trend-following movement will be expected. One should apply different techniques to confirm the strength of one of these levels. 2️⃣Fib.Extension tool is applied to identify a completion point of the impulse. In a bearish trend, the extension levels will indicate a potential level of the next lower low based on the length of the last bearish impulse. Fib.levels that we will apply are: ✔️1.272 ✔️1.414 ✔️1.618 The extension levels will be drawn based on XA impulse leg. From its low to high if the impulse is bullish and from its high to low if the impulse is bearish. From one of the above-mentioned levels, a retracement leg will initiate. One should apply different techniques to confirm the strength of one of these levels. Of course other ways of application Fib.Retracement and Extension levels exist. However, these two are the most common. How do you use these levels? ❤️Please, support this idea with like and comment!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
161
USDT.D Daily Analysis🟢USDT's dominance bounced from the uptrend line support to form a twin floor pattern and is now above the neckline of this pattern, which also acts as a support. If the retest is successful, it is expected to move upwards, which will be a sign of decline for the market because the USDT and BTC dominance are inversely related to each other. Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market. ⚠ This Analysis will be updated. Amir Hossein 📅 02.19.2022 ⚠️ (DYOR)
CRYPTOCAP:USDT.DEducation
by Trader_Needs
3
Stochastic Retracement Lines Welcome Back Please support this idea with LIKE if you find it useful. ********************************************************** Hello.... after I tested this new indicator a lot .. and i found it very useful to find the best key lines on the chart I decided to share it here.... the indicator is depending on stochastic momentum to collect the strongest lines on the chart and draw the lines depending on it .... and I found this stochastic retracement on this level: 0.9 0.5 0.2 0 -0.2 -0.5 -0.9 and this levels can lead us to get that confirmation to open our new positions.... =========================================================================== and it works with all time frame ....
Education
by MOHAMAD-KL
6
The Power of using NPOCS on your Charts BTC/USDA Naked Point of Control is an untested point of control which is either time based or volume based and exists in the current market structure. These NPOCS can serve as excellent targets for trades as well as potential areas of support and resistance dependent upon the NPOC's profile distribution. I have marked this Bitcoin Chart with Daily , Weekly and Monthly NPOCs and using the boxes I have demonstrated how powerful NPOCS can be when incorporated into a trading strategy for Scalps Daytrades and Swing setups. I use NPOCS with other confluences mainly Fib levels and order flow and the respect for these levels is well worth noting . I hope this information helps you define a strategy for your trading as utilizing these correctly will boost your ROI. Whatever the case thanks for viewing my work and be sure to like and follow .
BYBIT:BTCUSD.PEducation
by SJTRADESFUTURES
15
Two Types of Elliot Wave CorrectionsWhen it comes to Elliot Wave Theory, we know of two different correction patterns . On the left you can see the classic correction, which is less common in real market situations. On the other hand, the flat correction (right) occurs more frequently in the market, since modern price action is often characterized by fakeouts . In this case, a fakeout looks like a wave B making a new high above wave A. In most cases, traders would open a trade here due to a structural break, which then runs against them (bull or bear trap). In the following table you can see how the respective correction patterns differ from each other and what you need to pay attention to. It is very important that you learn how to use Fibonacci tools correctly so that you can calculate the wavelength properly. Maybe I'll do a separate educational post on the proper use of those tools in future. Thank you very much for your attention, Your RT
COINBASE:BTCUSDEducation
by RT_Trading_
9
4 Harmonic Patterns Every Trader Should Know 📚 Hey traders, In this post, we will discuss 4 phenomenally accurate harmonic patterns that you must know. 1️⃣The first and the simplest harmonic pattern is called ABCD pattern. This pattern is based on 3 legs of a move: ✔️Initial impulse (bullish or bearish). AB leg ✔️Retracement leg with a completion point lying within the range of the initial impulse. BC leg. ✔️Second impulse with a completion point lying beyond the range of the initial impulse (it must have the same direction as the initial impulse). BD leg Equal AB and CD legs indicate a highly probable retracement from D point of the pattern. ❗️Please, note that the time horizon and the length of the impulses must be equal. 2️⃣The second harmonic pattern is called Gartley Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form. To identify a Harmonic Gartley Pattern we measure the retracement of B/C points with Fib. Retracement tool and extension of D point of a harmonic pattern with Fib. Extension tool: ✔️ - The retracement of B point should lie between 0.618 level and 0.786 level of XA leg (Fib. Retracement of XA) *it can touch both 0.618 and 0.786 ✔️ - The retracement of C point should lie between 0.618 level and 1.0 level of AB leg(Fib. Retracement of AB) *it can touch both 0.618 and 1.0 ✔️ - D point should lie strictly on 1.272 extension of AB leg (Fib. Extension of AB) *it should strictly touch 1.272 Such a formation indicates a highly probable retracement from D point of the pattern. 3️⃣The third harmonic pattern is called Bat Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form. To identify a Harmonic Bat Pattern we measure the retracement of B/C/D points of a harmonic pattern with Fib. Retracement tool: ✔️ - The retracement of B point should lie between 0.5 level and 0.618 level of XA leg (Fib. Retracement of XA) *it can touch 0.5 but it can’t touch 0.618 ✔️ - The retracement of C point should lie between 0.618 level and 1.0 level of AB leg(Fib. Retracement of AB) *it can touch both 0.618 and 1.0 ✔️ - The retracement of D point should lie strictly on 0.886 level of XA leg (Fib.Retracement of XA) *it should strictly touch 0.886 Such a formation indicates a highly probable retracement from D point of the pattern. 4️⃣The fourth harmonic pattern is called Cypher Pattern. This pattern is based on 4 legs of a move and has a "W/M" shape form with C point lying beyond the range of XA leg. To identify a Harmonic Cypher Pattern we measure the retracement of B point with Fib. Retracement tool and extension of C point with Fib. Extension tool: ✔️ - The retracement of B point should lie between 0.382 level and 0.618 level of XA leg (Fib. Retracement of XA) *it can touch both 0.382 and 0.618 ✔️ - The extension of C point should lie between 1.272 level and 1.414 level of XA leg(Fib. Extension of XA) *it can touch both 1.272 and 1.414 ✔️ - D point should lie strictly on 0.786 retracement of XC leg (Fib. Retracement of XC) *it should strictly touch 0.786 Such a formation indicates a highly probable retracement from D point of the pattern. 🦉What is good about these patterns is the fact that they are objective. Since each point of the pattern is measured with Fibonacci levels, one can avoid subjectivity. Try harmonic pattern trading and you will see how efficient this strategy is. Do you trade harmonic patterns? ❤️Please, support this idea with like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
33