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Fibonacci

Gold Poised for Downside Breakout as Bearish AB=CD Pattern TakesGold prices are hovering near 62,064 INR, trapped within a bearish AB=CD pattern that could trigger a further decline in the near future. The pattern's completion at the 161.8% Fibonacci extension level suggests a potential downside target of 59,325 INR. However, a break above the pattern's upper trendline at 63,000 INR could invalidate the bearish bias and open the door for a move towards 64,000 INR. Keep an eye on key technical indicators like the RSI and MACD for confirmation of the bearish trend or signs of a potential reversal. gold, gold price, gold analysis, AB=CD pattern, Fibonacci retracement, bearish, technical analysis, TradingView Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
MCX:GOLD1!Short
by TRADING-NASA
Comprehensive Exploration of Fibonacci RetracementUnderstanding the Fibonacci Retracement Tool: Mathematical Roots: The Fibonacci retracement tool finds its origins in the intriguing Fibonacci sequence—a mathematical concept where each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, and so forth). This sequence forms the groundwork for a technical analysis tool that seeks to unveil potential support and resistance levels in financial markets. Application in Technical Analysis: Traders and analysts harness the power of Fibonacci retracement to decipher probable levels where price movements might stall, reverse, or undergo significant shifts. The tool is a crucial component of the trader's arsenal, offering insights into market sentiment and potential turning points. Deconstructing Fibonacci Retracement Levels: Connecting Pivotal Points: The process of employing Fibonacci retracement involves connecting two critical points on a price chart—the high and low of a recent price swing. This connection gives birth to horizontal lines, each corresponding to a specific percentage level. Key retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Degrees of Retracement: Each retracement level serves as a numerical representation of the extent to which the price retraces a prior move. Traders often observe these levels as potential zones of interest, although it's crucial to note that they do not guarantee support or resistance but rather signify areas worthy of attention. Significance Amplified: The Self-Fulfilling Prophecy: Market Psychology at Play: One of the fascinating aspects of Fibonacci retracement is its role as a self-fulfilling prophecy. The efficacy of these retracement levels is often heightened by the collective belief and actions of market participants who use and trust in the tool. As a result, Fibonacci retracement becomes a dynamic force influencing market behavior. Strategic Applications of Fibonacci Retracement: Price Reversal Zones: Fibonacci retracement strategically identifies zones where price reversals may occur. For instance, in the context of an uptrend, a retracement to the 61.8% Fibonacci level might signal a potential entry point for traders anticipating a resumption of the upward trajectory. Entry/Exit Confirmation: Traders frequently intertwine Fibonacci retracement with other technical indicators to confirm entry or exit points. This multi-faceted approach provides a more robust foundation for decision-making. Trend Strength Assessment: Beyond predicting reversals, Fibonacci retracement aids in assessing the strength of a prevailing trend. Shallow retracements (23.6% or 38.2%) may indicate a resilient trend, while deeper retracements (61.8% or 78.6%) could signify a weakening trend or the possibility of a trend reversal. In Conclusion: Unlocking Potential with Fibonacci Retracement: Versatile Decision-Making Tool: The Fibonacci retracement tool stands as a versatile instrument in the trader's toolkit, offering not just numerical levels but a nuanced understanding of market sentiment and potential trend shifts. Its application extends beyond mere prediction, providing traders with actionable insights for more informed decision-making in the dynamic world of financial markets.
NSE:MPHASISLong
by Marketik
IRFC stock first profit target at 78.0 and a second target 81.90In my analysis(for 1 week), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 78.0, while the second target is at 81.90 . To manage risk, it's important to establish a clear stop-loss level. **Trade Idea:** Consider a long position(1 week) on IRFC stock with a first profit target at 78.0 and a second target at 81.90 . Implement a well-defined stop-loss strategy to manage risk effectively. 1st Target--> 78.0 2nd Target --> 81.90 Thanks Kambi
NSE:IRFC
by kambi123
3
NIFTY 12 DECYesterday couldnot sustain above 20018 Today's opening is improtant: If open above 20969-20900 and after taking support able to break and sustain above 21018-21025 with 15 minute goood closing, then intraday upside move can be seen to 21096/21106. If open gap up above 21018-21025 will wait for buying setup if sustain above 21018-21025 Downside support remains 20940-20900, 20827-20830(can act as major support) have to wait for price action for long opportunity ,if price approaches downside to 20827/20830
NSE:NIFTY
by Apu_3007
Gujarat Ambuja Cup and Handle formationWatching out pullback to 340 or break of All time high for upmove DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:GAEL
by Niftydirection
ETHereumEth is booming after 2150 will it still be bullish? With the breakout, it is now pushing itself for 2400 Meanwhile, it tested the 2400 and now it's making its way towards the lower support. A smaller time frame showed the trend change but 1hr and 4hr is still bullish so this chance is to be of buy on dip . As it has broken down the 0.23 of fib-retracement. we need another confirmation for bearish which is trendline support. So re-entry would be at 0.5 and 0.6 lvl. The first target would be 2350. once it breaks that level, we are surely moving towards 2400. #eth #bitcoin #trendanalysis
BINANCE:ETHUSD
by SUTHARTRADE
Positional or Longterm Opportunity in Aarti IndustriesGo Long above 535 for Targets of 652.2, 720.35, and 788.5 with SL 479.95 Reasons to go Long: 1. On a Monthly timeframe the stock gave Trendline breakout (red TL). 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 3. On 0.618 Fibonacci level the stock formed a Double bottom or W pattern. 4. In addition to this the stock took support from trendline (green TL) 3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
NSE:AARTIINDLong
by Nimish_Ghagare
IRCON: Positive sustainable run upIntroduction: NSE:IRCON , a leading construction and infrastructure company, is currently trading on the National Stock Exchange (NSE) at INR 58.55 . This technical analysis examines the stock's recent price action and provides a trading recommendation based on key technical indicators. Technical Analysis: IRCON is trading near the crucial Fibonacci level of 0.618 , attempting to break upwards. A bullish crossover has been observed in its Exponential Moving Average (EMA) and Moving Average (MA) indicators , suggesting a potential uptrend in the short term. Additionally, the Parabolic Stop and Reverse (SAR) indicator is also favoring the bulls, which could signify a continuation of the positive price momentum. Trading Recommendation: Based on the above technical analysis, we recommend the following trade: Entry: Buy IRCON at or above INR 58.55 (current market price) Target 1: INR 61.30 Target 2: INR 64.20 Stop Loss: INR 55.50 Please monitor the stock for a breach of the Fibonacci level upwards before initiating a long position. The stop-loss order at INR 55.50 aims to protect capital against potential price declines. Disclaimers and Disclosures: This analysis is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security. The author is a not a technical analyst and not a registered financial advisor. The opinions expressed herein are solely those of the author and do not represent the opinions of the Premium wealth management firm. Past performance is not indicative of future results. Investing in securities carries risks, including the risk of loss of principal. Investors should conduct their own due diligence and consult with a professional financial advisor before making any investment decisions. Disclosure: The author may or may not have any positions in the securities mentioned in this analysis at the time of publication.
NSE:IRCONLong
by finogent