Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 48/61.80% Chart time frame: C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Weekly Closing just around Resistance level (580), so a slight pressure may be seen, unless it Sustains 580. If this be the case, 545 - 565 can be witnessed. Bullish on Weekly TF & a perfect Morning Star Formation on Weekly Tf. Also, it has retested the previous breakout level around 520. Now it should Cross & Sustain 605-606 to continue its Bullish Momentum & immediate targets can be around 650 - 655. On the safe side, 596 - 621 Zone is a Resistance zone.
Bearish Divergence has started appearing on Weekly TF but not yet on Monthly, so a pressure might be seen around 116 - 117. & Sustaining this level will expose 135 - 138 targets. On the flip side, 101 - 109 may act as a Good Support zone in case of pressure.
SOFI has changed its course over the last week and seems to be putting in new highs. We have a gap to close between 13.43 and 13.57 with a support and resistance being around 13.57. The short squeeze seems to be slowing and volume seems to be returning. VWAP is sitting at 16.14, this could and possibly will retest that area once again, with time. RSI is in the oversold area at 46.81. With an $0.80 a day move, we could see 13.50 within the next few days, provided the market or sector doesn't fall apart. If not, of course it could move back to 12 with a stop loss at 11.18. As always, do your own research and due diligence. Let's see where it goes.
The Dxy closed bullish, so therefore expect a correction to the fair value gap zone and since the priory FVG is below 1.06 I expect the price to correct lower in the 1.055 area before another rally to 1.10 +
Tesla's fanboys would not like it. The company is facing turbulent times ahead and is still failing to provide what was promised years ago. 1. The legislators won't approve SDC also known as autonomous cars in the near future, because a human supervision is required. So the robotaxi is just a fiction. 2. Robots development is way behind the competitors. We all see the Boston Dynamics' Atlas, Mercedes-Benz project and some other projects. Comparing the Optimus project with the best out there is non-sense, because it fails on all fronts. Considering NVidia now open-sourced their project and collaboration with Google and Disney, IMO Tesla is out of the robo market now. 3. We see clear signs of a distribution phase at the top, fuelled by a lot of insider sells. *Support levels are shown on the chart as green boxes. . It is NOT a TRADING ADVISE . There is a HIGH RISK of losing money when trading. TSLA stock might be considered UNSAFE right NOW.
Gold is currently in a bearish trend, but a potential bullish retracement may occur before continuing downward. Key resistance lies near the $3,037 - $3,040 zone, where sellers may regain control. A possible buy opportunity exists in the short term before price taps the resistance zone. ? Resistance Zone: $3,037 - $3,040 ? Sell Confirmation Zone: Upon rejection at resistance ? Target for Sell: $2,982 - $2,985 ? Watch for Momentum Shift: Bullish move before sell setup Patience is key — wait for price action confirmation before entering trades. Manage risk accordingly.
Hi Traders ! Ethereum on the 1H chart has been trading within a descending channel and is now testing the upper boundary. I’ve placed a long entry expecting a breakout, targeting the $2,061 - $2,070 zone. Stop-loss set in case of a false breakout. RSI is showing signs of recovery. Let’s see how it plays out! ?? Disclaimer: This is not financial advice. Trade at your own risk. ?
ssmt es lo que confirmara esto, luego cisd.................................
Took previous day's low, and closed bearish. Looking to take previous day's low again. Previous Day High at: 0.17156 Previous Day Low at: 0.16464 OKX:DOGEUSDT.P