Get started

Fibonacci

GOLD → Consolidation before a strong move...FX:XAUUSD is consolidating after a false breakout of resistance at 3365, awaiting economic data. The metal remains attractive to investors amid the economic crisis. Gold is supported by the weakening dollar amid increased trade risks. Today, US tariffs on steel and aluminum come into force, and Trump's ultimatum to trading partners expires. Investors are also awaiting news of a possible meeting between Trump and Xi Jinping amid new accusations against China. The focus is on key employment data (ADP) and the ISM services index, which could influence the dollar and expectations for the Fed's actions. Technically, the market may test the 3323 liquidity zone before continuing its growth. Resistance levels: 3365, 3391 Support levels: 3345, 3323, 3303 Overall, both the global and local trends are bullish, with the price forming a local correction after a false breakout of resistance. If the bulls hold their ground above 3323-3345 after retesting support, growth may continue in the short to medium term. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
7
Shoulder on Shoulder - Need a dump this Week😥 The past week was complicated, and I don't want to bore you with all the political goings-on, which I hope you're already aware of. I'm a bit short on time right now, but I still wanted to share this perspective with you all. 💁‍♂️ It is Shoulder on Shoulder H&S everywhere! 💡 My concept of a plan: 🧗 Let's climb the Pinky way down 3289 - Actual Price 3271 - 🏁 S1 3232 - 🚪 Pink Neckline entry 3245 - 🤞 S2 & Head of White reverse H&S 3204 - 👀 Pink Start from Left Shoulder 3184 - 🎯 TP 1 - Fibo 1.272 3163 - 🎯 TP 2 - Fibo 1.414 or 3166 3134 - 🎯 TP 3 - Fibo 1.618 or 3154 3120 - 👀 Head of Yellow reverse H&S 3079 - 🎯 TP 4 - Fibo 2 🗣️ Important: FED Chair Powell speaking June 02 Mon at 1 PM EDT What are your toughts about this? Please write it in the comments. ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! 🚀📊
OANDA:XAUUSDShort
by Wick-Sniper
Sol, setting!? or will it rise! In our last Solana ( CRYPTOCAP:SOL ) update, we discussed the potential for a bounce and posed the critical question: would it be a retest or a reclaim? That distinction is now front and center as price action unfolds. The 141 area remains the level bulls must defend. A clean reaction here, ideally with a supportive pattern, would create favorable conditions for upside continuation. However, if price returns above 169 , the current impulsive structure downward would be invalidated and a recount would be warranted, that could also be the end of the correction. Zooming out, the bigger question is whether we are in the C wave of a flat correction. If that’s the case, then this impulse Should be the final move before a change in trend. Conversely, an impulse shouldn't be taken for granted nor lightly, I could set the stage for further down side. If a C wave, this pattern could set the stage for a powerful move after it completes. In simpler terms: If bulls hold 141 and reclaim momentum, the structure could shift bullish quickly. If this is a flat, the C wave down is still unfolding, and we may need to endure one more leg lower before a true trend reversal. Either way, patience is key. Let the chart print clarity.
COINBASE:SOLUSDLong
by CryptoKnee
SUI price analysis If we look at the OKX:SUIUSDT chart globally, you'll see that the April drop stopped at a retest of a strong mirror zone. And even now, when the CRYPTOCAP:BTC price is trying to correct itself, the #SUI price is very well-supported. Therefore, globally, any purchase of #SUI while the price is above $2.30 has a chance to turn into a good medium or long-term investment. 📈 On the chart, we have schematically depicted how the #SUIUSDC price may move in the future in 2025 with the final target of $10.8-11.80 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
AUDCHF → Hunting for liquidity. Fall from resistanceFX:AUDCHF is emerging from local consolidation and entering a distribution phase. Potentially, against the backdrop of a downtrend, the market may be interested in the liquidity zone at 0.5356 Globally, we have a strong downtrend and a countertrend correction that is facing pressure in the 0.545 zone. The decline is resuming, but at some point the market formed an EQH liquidity pool at 0.5356, which is most likely acting as a magnet pulling the price towards it... Based on the technical situation, we can conclude that if the price continues to form a distribution towards the target, the market is quite capable of stopping the price and returning to the downtrend phase. Resistance levels: 0.535, 0.5356 Support levels: 0.5327, 0.5314 Thus, a breakout of the resistance level of 0.5356 without the possibility of continuing growth and a return of the price below the resistance level with subsequent price consolidation in the sales zone (below 0.5356) may trigger a resumption of the downward trend. Best regards, R. Lind
Short
by RLinda
IPO Price Respected — Now Coiling for a Major Breakout? 🔍 Chart Context & Structure Since its listing, SBI Cards & Payment Services Ltd (NSE: SBICARD) has been forming a massive accumulation base on the weekly chart — with an iron-clad support zone around ₹650. Over the last 3.5 years, the stock never closed below this IPO zone, signaling strong institutional confidence and long-term investor conviction. Now, after multiple failed attempts, price is retesting the crucial ₹930–₹972 resistance band — a level that previously triggered sharp rejections. But this time, the setup is different: ✅ Momentum is building with a consistent series of higher lows. ✅ The structure now hints at a rounding bottom formation. ✅ Volume is supportive (if visible), and sentiment around financials is shifting positive. 📊 Technical Zones to Watch Zone Relevance 🔵 ₹660–₹715 Strong base zone (IPO support + demand cluster) 🟣 ₹930–₹972 Historical supply zone (tested 3rd time now) 🟠 ₹1,130–₹1,150 Minor resistance, could break quickly post breakout 🟡 ₹1,272 – ₹1,440 Fibonacci targets (1.272–1.618 extension) 🔴 ₹1,916 Final positional target (2.618 Fib extension from pandemic low) 🌐 The Macro Tailwinds 💳 Credit card usage in India is booming – penetration is still low compared to global norms, but monthly user growth is accelerating. 🏛️ Government is actively promoting digital payments – a key pillar in India’s fintech roadmap. 📈 Financialization of Indian households – from cash hoarding to credit leverage, behavior is shifting. 🔁 Consumer spending is rebounding strongly post-COVID and SBI Cards is a direct proxy. 💡 Investor Psychology Think of the ₹930–₹972 zone like a "psychological lid". Price got rejected here twice before — so this third approach carries both hesitation and anticipation. A weekly close above this zone would likely: Trigger short-covering from swing sellers, Attract momentum traders, And validate long-term bulls waiting for confirmation. 📌 Trading Plan (Positional Swing) Entry Trigger: Weekly close above ₹972 Initial Target: ₹1,130 → ₹1,192 Medium-Term Targets: ₹1,272 → ₹1,343 → ₹1,440 Long-Term Target: ₹1,916 Stop-Loss (Weekly): Close below ₹880 Holding Period: 6 months to 2 years depending on breakout strength 🧠 Final Thought "Not closing below IPO levels for over 3 years in a volatile mid-cap is not random — it's informed accumulation." With digital payment adoption surging and tailwinds aligning, SBI Cards may be quietly entering a new phase of price discovery. Watch the ₹972 zone closely — what was resistance may soon become the launchpad.
NSE:SBICARDLong
by Anany_shringi
Home Depot Stock Chart Fibonacci Analysis 060325Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 372/61.80% Chart time frame:D 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.
NYSE:HD
by fibonacci6180
XAU/USD Update - Riding Wave 5 to the TopGold continues its bullish recovery, having completed Wave (4) at the channel low. We're now riding Wave (5) with strong momentum. 🔹 Entry Executed: Entered long at the 0.382 Fibonacci retracement – $3,272.57, a key confluence zone with the EMA and previous structure support. 📈 Bullish Targets: $3,396.89 (0.27 extension) $3,463.25 (0.618 extension) $3,499.84 (1.0 extension / Wave (5) completion) The move is playing out cleanly, with RSI confirming upside momentum. As long as price holds above the 0.5–0.618 zone, bulls remain in control. Letting this one breathe — eyes on higher highs. 💰📈 @WrightWayInvestments @WrightWayInvestments @WrightWayInvestments
OANDA:XAUUSDLong
by WrightWayInvestments
1
PZZA Wave Analysis – 3 June 2025 - PZZA broke resistance zone - Likely to rise to resistance level 50.00 PZZA recently broke the resistance zone between the resistance level 42.00 (top of the earlier impulse wave 1) and the 61.8 % Fibonacci correction of the downward impulse from March. The breakout of this resistance zone accelerated the impulse wave 3 of intermediate impulse wave (1) from April. PZZA can be expected to rise to the next resistance level 50.00 (former monthly high from March and the target for the completion of the active impulse wave 3).
NASDAQ:PZZALong
by FxProGlobal
IBM Wave Analysis – 3 June 2025 - IBM reversed from the support zone - Likely to rise to the resistance level 270.00 IBM recently reversed up from the support zone between the support level 255.90 (low of the previous correction 2), the 20-day moving average and the 61.8% Fibonacci correction of the upward impulse from May. The upward reversal from this support zone continues the active impulse waves 3 and (3). Given the clear daily uptrend, IBM can be expected to rise to the next resistance level 270.00 (which stopped the earlier impulse wave 1 in the middle of May).
NYSE:IBMLong
by FxProGlobal