Fibonacci Retracement

BTCUSDT Weekly LONG IDEA (7-Point Confluence Zone)BTCUSDT — Long Bias | Liquidity Sweep into 7-Point Confluence Zone ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ MACRO CONTEXT Multi-timeframe bias is fully aligned bullish — Macro, HTF, and Intraday structures all point in the same direction. Despite this, price has been stalling around the 77,400–77,500 area with no real conviction in either direction. This type of price behavior — failure to advance in the direction of the prevailing trend — is a classic precursor to a liquidity sweep before continuation. The path of least resistance is a brief dip to collect sell-side liquidity below current price before the next leg higher. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ THE CONFLUENCE ZONE The area of interest sits approximately 300–600 points below current price and is built from seven independent confluences across multiple methodologies: Volume-Based: Anchored Volume Profile POC — the Point of Control represents the price level with the highest traded volume in the anchored range. Institutional orders tend to cluster here. Session nPOC (Naked POC) — an untested POC from a prior session sits at the same level. Naked POCs act as price magnets until they are mitigated. The alignment of the session nPOC with the AVP POC creates a double-layered volume node. Technical Structure: Weekly Fibonacci Retracement — the 0.618 retracement of the previous week's range falls directly into this zone, confirming it as a key institutional retracement level. Macro Levels: Yearly VWAP — price trading above the yearly VWAP is the defining characteristic of a macro bull market. A retest of this level is a high-probability long entry. Quarterly VWAP — the Q2 VWAP adds a second layer of dynamic support at the same zone, reinforcing the macro significance of this area. 50-Day Moving Average — the 50D MA is currently converging with the VWAP cluster, further compressing the support into a narrow, well-defined range. Intraday Confirmation: Initial Balance (IB) Levels and Session Open — while less significant than the macro and volume-based confluences, intraday structure levels also align with this zone. Their presence adds an additional layer of institutional awareness at this price. In total, seven confluences stack at this level — three from volume analysis, one from price structure, two from macro VWAP derivatives, and one from momentum. This is not a coincidence. It is the kind of zone that large participants defend. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ UPSIDE TARGETS Target 1 — Previous Week High (PWH) : An unmitigated liquidity pool sitting above current price. Short sellers who faded the prior weekly high have stops resting just above it. Taking this liquidity is the natural first objective of any bullish move. Target 2 — Open Fair Value Gap : A Fair Value Gap (FVG) created during the most recent pullback remains unfilled. Price gravitates toward open imbalances. This is the full measured target for the move. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ INVALIDATION A decisive close below the confluence zone on strong volume would invalidate the long thesis and suggest a deeper structural shift. Until that happens, the bias remains long on any test of this level. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ This is not financial advice. Always apply your own risk management.

The Power of the Wave Principle: A Masterclass in ETH Structure "They say the market is random. I say they just don’t know how to read the map. 🗺️ Today, I’m pulling back the curtain on a previous analysis to show you the sheer predictive power of the Elliott Wave Principle (EWP). Look at the schematic lines drawn months ago. Notice how the market didn’t just move—it followed a predefined structural path. The Educational Key: Why Elliott Wave is King 👑 Most indicators tell you where the market was. EWP tells you where the market must go to complete its psychological cycle. The Anticipation: We identified the Flat Correction when the crowd was still bullish. Why? Because the internal sub-waves of Wave ‘b’ showed a clear 3-wave corrective signature, not a new impulse. The Geometry of Nature: By combining EWP with the Harmonic Crab Pattern (which I previously mapped), we found a ‘Cluster’ of Fibonacci levels. In trading, when two different methodologies point to the same price level, the probability of success skyrockets. The “Scholarly” Takeaway: For the students of the wave: Always look for the Personality of the Wave. Wave ‘C’ is often fast and ruthless—it’s designed to make you give up your position right before the moonshot. Strategy & Mindset: The schematic line isn’t just a drawing; it’s a reflection of mass human psychology. We are waiting for the Final exhaustion. Once the 5th sub-wave hits that harmonic ‘D’ point, the spring is fully coiled. Current Sentiment: The “noise” is at an all-time high. But remember: The patterns are the language of the market. Everything else is just a distraction. Stay studious. Stay patient. The structure always wins. The patterns are clear to those who look beyond the noise. Time will reveal the truth." — Mr. Nobody 🎭 ETHUSD: Into the Eye of the Storm — Decoding the Final “C” Wave

by Mehdi_Abbasi_EWP

ETHUSD: Into the Eye of the Storm — Decoding the Final “C” Wave The market is filled with noise right now, but for those who study the Elliott Wave structure, the signal is becoming clearer by the day. We are currently navigating the final, most crucial stage of a complex “Flat” correction in Ethereum (ETHUSD). For those new to Elliott Wave: Think of a “Flat” correction as a spring being compressed. The market is winding up, gathering energy. We’ve seen the impulsive moves, and now we are in the “C” wave — the final shakeout before the next major bull run. It’s often the most painful part of the cycle, but it’s exactly where the “Smart Money” begins to position itself. The Strategy: The “Blue Box” & The Path Ahead I am currently monitoring the “Blue Box” on the chart (1806 - 880 USD). This is our theater of operations. We are looking for the completion of the 5th micro-wave within this zone. How to trade this (The Confirmation): The “No-Guessing” Rule: We do not trade against the trend until structure confirms it. The Breakout: Our “Red Corrective Channel” is the line in the sand. A decisive daily close above this channel, paired with a breakout from the initial correction, is our primary confirmation. Conservative vs. Aggressive: The conservative approach waits for the move above $3,439. The aggressive approach watches the reaction inside the “Blue Box” for an entry with a tight stop-loss. Market Sentiment: Fear is high. The crowd is looking for the “bottom,” but they are looking at price instead of structure. Remember, market sentiment is a lagging indicator. While the masses are waiting for more news, the patterns are already whispering the truth. Stay patient. Let the market prove the trend, then execute. Patterns whisper. Structure decides. The market executes. — Mr. Nobody 🎭

by Mehdi_Abbasi_EWP

Ethereum’s Long-Term Odyssey (2030-2040): The Road to $492K via Ethereum’s Long-Term Odyssey (2030-2040): The Road to $492K via Wave (III) Hello Traders! 🚀 As an Elliott Wave enthusiast, I’ve been dissecting Ethereum’s long-term structure since 2015. Today, I’m sharing my “Aggressive Idea” for the next decade of market evolution. Key Technical Observations: Cycle Degrees: We completed the massive Wave (I) at the 2021 peak. Since then, we have been meticulously navigating a complex Wave (II) correction. The “Ruining” Flat: Currently, ETH is in the late stages of a Running/Regular Flat structure in Wave (II). The recent price action hints at a final 5th wave completion—likely involving a minor truncation or final washout—before the massive breakout. Alternation Principle: Looking ahead, I anticipate the future Wave IV (expected around the turn of the decade) will contrast sharply in character, providing a unique rhythm to this long-term trend. The Launchpad: We are currently consolidated within the 14.6% - 23.6% Fibonacci Retracement zone. In the context of an extended cycle, this shallow retracement is a hallmark of extreme underlying bullish strength. The Projected Targets: First Stop: $9,984 (Psychological & Technical pivot) The Heart of Wave III: $29,285 The “Moon Shot”: 167K−492K (Extended Wave III targets projected for 2030-2040) Bottom Line: The “Corrective Channel” (red line) is our final frontier. Once broken, Ethereum enters the most powerful sub-wave of the Supercycle. ETH historically leads in momentum; expect it to set the pace for the entire crypto space. “In Elliott Wave, we don’t just trade price; we trade the human psychology reflected in time. Patience, our primary indicator.” Market sentiment isn’t fixed; it’s a fluid process of structural verification. We remain neutral, waiting for the price to confirm whether the symphony of waves points to an immediate recovery or a final corrective dip. Patterns whisper. Structure decides. The market executes. The symphony of Elliott Waves and the music of market cycles create a unique harmony. Listen closely. - Signed, Mr. Nobody 🎭 Evidence to start the uptrend (Jun 22, 2022) The rise of Ethereum is more likely, until the extension of the (Jan 30, 2023) Big Move !! 5 Wave (Aug 4, 2023) Diagonal Pattern For Big Move Upside (Sep 13, 2023) Simpel Flat??? Sharp ???Big Flat (Sep 7, 2023) Diagonal pattern?? or 1.2-1.2 (Oct 18, 2023) 1.2&1.2 Or Diagonal?? (Nov 16, 2023) For now, the flat correction pattern has been extended (Jan 23, 2024)

by Mehdi_Abbasi_EWP

$USDT.D + $USDC.D Bull Flag looks Ready to Rip After falling 6 straight weeks, Stablecoin dominance is back on the rise after successfully testing the 50% Gann retracement and reclaiming the POI between the .618 Fib with 2 consecutive Weekly Closes. Note the bull flag that has been forming here on CRYPTOCAP:USDT.D + CRYPTOCAP:USDC.D When PA breaks outside this POI, we should expect the next big leg down in the crypto market.

EURUSD - Consolidation above key resistance FX:EURUSD opened the week with a bullish gap amid hopes for a U.S.-Iran peace deal, erasing the previous week’s decline to a low of 1.1575 The euro is caught in a stagflation trap: weak PMIs and the risk of recession are causing the market to doubt the ECB’s ability to tighten policy, despite inflation above 3%. Technically, the focus is on the 1.16357–1.1660 range. Continued optimism regarding the situation in the Middle East could support further gains (the market may strengthen from 1.1635 toward 1.168–1.1722) Resistance levels: 1.1635, 1.168, 1.1722 Support levels: 1.1627, 1.1583 Technically, there are attempts to break the local structure; the reason is a gradual shift in the geopolitical backdrop and a weakening dollar, which presents opportunities for the euro. If the bulls keep the price above 1.1635, this could become a technical driver for growth Best Regards, R. Linda!

GOLD - The geopolitical backdrop is changing ICMARKETS:XAUUSD closed Friday’s session near 4,500 and looks fairly weak, with a bearish bias. However, the geopolitical backdrop is shifting over the weekend, which could trigger a gap or a locally positive tone in the market Following a phone call between Middle Eastern countries and the U.S., Trump stated: “The agreement is largely agreed upon and awaits final approval between the United States of America, the Islamic Republic of Iran, and various other countries.” On May 22, the new Fed Chair Kevin Warsh was officially sworn in, promising a “reformist” approach but emphasizing independence from the White House. Key catalysts for the coming week: U.S. GDP data (Q1), core PCE (the Fed’s inflation indicator, May 28), as well as developments in the Iran negotiations. Resistance levels: 4540, 4589, 4646 Support levels: 4500, 4488, 4465 Technically, the market may react quite positively to the shift in the geopolitical backdrop. Bulls may hold the 4500 area, and at the session open, the price may open with an upward gap or continue its movement sharply; a breakout of the local trend line could strengthen the momentum. There is a possibility of growth to 4589 - 4646 - 4734 Best regards, R. Linda!

$DVA Revenue Beat. Guidance Beat. Share Buybacks Running....Most healthcare investors overlook DaVita. 🏥 That is a mistake. DaVita is the largest independent provider of kidney dialysis services in the United States, operating over 3,200 outpatient centres across the US and internationally. 🌐 The patient base is not discretionary. Chronic kidney failure and end stage renal disease do not go away in a downturn. This is one of the most defensible revenue streams in the entire healthcare sector. 🔒 Q1 2026 results came in ahead of expectations on every meaningful metric. 📊 Revenue hit $3.42 billion, up from $3.22 billion in Q1 2025, beating the consensus estimate of $3.39 billion. 💰 Adjusted EPS from continuing operations came in at $2.87, up 43.5% year over year, beating the Zacks consensus of $2.34 by 19.1%. 🤯 Net income rose to $197.5 million from $162.9 million a year earlier. Operating cash flow strengthened to $320.8 million from $180 million in the same quarter last year. 💵 Management did not just beat. They raised. 📈 Full year 2026 adjusted EPS guidance was lifted to a range of $14.10 to $15.20, up from the prior outlook of $13.60 to $15.00. 🎯 Full year adjusted operating income guidance was raised and narrowed to $2.15 billion to $2.25 billion. CEO Javier Rodriguez cited higher volume expectations and lower patient care costs as the drivers behind the upgrade. 🚀 The structural story is getting stronger too. 💪 DaVita's Integrated Kidney Care segment, which manages risk based contracts covering roughly $5.6 billion in annual patient spending, turned profitable in 2025, one year ahead of schedule. 🏆 The company also signed a $200 million minority investment in Elara Caring alongside Ares Private Equity, building a kidney specific home care model targeting reduced hospitalisations for the roughly one quarter of DaVita's patients who use home health. 🤝 DaVita is actively deploying AI tools across clinical and operational use cases, including ScheduleHub, a real time scheduling tool that dynamically processes patient census, capacity, and staffing data across every centre. 🤖 On top of all of this, the share buyback machine is running hard. ♻️ DaVita repurchased 3.0 million shares in Q1 2026 at an average price of $133.70 per share. A shrinking share count amplifies EPS growth with every passing quarter. The 52 week range sits between $101.00 and $202.69. The analyst consensus average price target is $193.71. 📉 The daily chart has pulled back from the 52 week high into a clean demand zone at the 0.786 Fibonacci retracement. ✅ The risk is defined. The fundamentals are accelerating. This is the entry. 📊 🟢 Buy Zone ~ $159.52 area (0.786 Fibonacci Daily) Daily demand zone with Fibonacci confluence. Price has retraced from highs into a level where institutional buyers are active. 💰 Entry: $159.52 🛑 Stop: $154.78 (2.971% below entry) 🎯 Target: $194.30 (21.8% upside from entry) 📈 Risk/Reward Ratio: 7.34 📅 Next Earnings: Q2 2026 The revenue beat. The guidance beat. The buybacks are running. Let price come to the zone and let the trade do the work. 🚀 ⚠️ Not financial advice. Manage your risk.

by ConnectmyCurrency

Fibonacci Convergence: Finding Strong Support and Resistance Understanding Fibonacci Convergence in Trading ******************************* In the previous articles, we learned: Day 01: Fibonacci Trading Tools Day 02: Fibonacci Retracement Trading Strategy for Beginners Day 03: Fibonacci Projection: Finding Exit Points in Trading Today, we will learn one of the most powerful Fibonacci concepts: Fibonacci Convergence ^^^^^^^^^^^^^^^^^^^^^^ This is one of the last major Fibonacci concepts beginners should learn before moving toward advanced trading techniques. Fibonacci convergence helps traders: Identify strong support and resistance zones Plan entry and exit points Decide stop loss placement Manage position size Build a complete trading plan Important Before Learning Fibonacci Convergence ^^^^^^^^^^^^^^^^^^^^^^ Before studying Fibonacci convergence, you should already understand: Fibonacci Retracement Fibonacci Extension Swing highs and swing lows ABC correction patterns Without understanding these basics, convergence may look confusing. What Is Fibonacci Convergence? ******************************* Market trends are built from many smaller swings inside one bigger trend. Fibonacci convergence happens when: You draw Fibonacci retracement levels on multiple swings, and Different Fibonacci levels appear close to each other in the same price area When several Fibonacci levels meet near the same zone, that area becomes a stronger support or resistance level. This area is called a: Fibonacci Convergence Zone Fibonacci Cluster Confluence Area Professional traders pay close attention to these zones because the market often reacts strongly there. Why Fibonacci Convergence Is Powerful ******************************* A single Fibonacci level may work sometimes. But when: 38.2% from one swing, and 61.8% from another swing appear near the same price area, the probability of market reaction becomes stronger. This is because multiple traders may be watching the same area from different swing calculations. The more Fibonacci levels that meet together, the stronger the support or resistance zone may become. How to Draw Fibonacci Convergence ******************************* Let’s learn step-by-step. Step 1: Identify the Main Trend ^^^^^^^^^^^^^^^^^^^^^^ First, check whether the market is in: An uptrend (Higher highs and higher lows) A downtrend (Lower highs and lower lows) Remember: Fibonacci convergence works best in trending markets. Step 2: Find Multiple Swings ^^^^^^^^^^^^^^^^^^^^^^ Now identify different price swings on the chart. For example: Large swing: A → B Smaller swing inside the trend: C → D Another correction swing: E → F The market usually creates many swings inside one trend. Step 3: Draw Fibonacci Retracement Levels on Each Swing ^^^^^^^^^^^^^^^^^^^^^^ Apply Fibonacci retracement separately on every important swing. For example: Draw Fibonacci from Swing A to B Draw another Fibonacci from Swing C to D Draw another Fibonacci from Swing E to F Your chart may start looking crowded. That is normal. Step 4: Look for Overlapping Levels ^^^^^^^^^^^^^^^^^^^^^^ Now carefully observe the retracement levels. Suppose you see: 61.8% retracement from one swing 50% retracement from another swing 38.2% retracement from a third swing all located near the same price zone. This is Fibonacci convergence. That price area becomes an important support or resistance zone. Example of Fibonacci Convergence ^^^^^^^^^^^^^^^^^^^^^^ Imagine this setup: Swing 1 → 61.8% retracement at $2,450 Swing 2 → 50% retracement at $2,455 Swing 3 → 38.2% retracement at $2,448 All these levels are very close. So the zone between: $2,448 to $2,455 becomes a strong Fibonacci convergence area. Traders may expect: Price reversal Strong support Strong resistance Heavy buying or selling activity near that area. How to Make Fibonacci Convergence Stronger ******************************* Fibonacci convergence becomes more powerful when combined with: Trend lines Moving averages Support and resistance Candlestick patterns Volume analysis Market structure Example: If a convergence zone also matches: 200 Moving Average, Previous support zone and Bullish candlestick pattern then the setup may become much stronger . Fibonacci convergence is one of the most powerful concepts in Fibonacci trading. Important: Fibonacci convergence is not magic. Sometimes the market will respect the zone. Sometimes it will break through it completely. That is why traders must always use: Stop losses, Risk management, and Confirmation signals Never trade only because Fibonacci levels overlap.

by forextidings

GBPUSD - Short squeeze at a key resistance level FX:GBPUSD is forming a correction toward the resistance zone, where bears are aggressively attempting to hold their ground. Fundamental factors are creating downward pressure The Bank of England’s rate remains at 3.75% for the third consecutive quarter. Inflation in the UK has slowed more than expected. Pressure on the dollar persists: the minutes of the April FOMC meeting showed that most Fed members are open to raising rates. Technically, the British pound is under pressure. Bears are aggressively holding the resistance zone at 1.3447–1.3483, while speculators are building up short positions. Market participants remain predominantly bearish on the British currency Resistance levels: 1.3447, 1.3483 Support levels: 1.3305, 1.3173 A short squeeze and consolidation below resistance could serve as a technical driver for a further decline toward 1.33 Best Regards, R. Linda!

BITCOIN - The hunt for liquidity ahead of the fall BINANCE:BTCUSDT.P has hit a new low of $76K and is testing local support; due to a lack of liquidity, the market may form a correction toward the imbalance zone... Bitcoin’s global trend is bearish, within which a local bullish channel is forming, aimed at consolidation. A break of the local upward support returns the market to a bearish environment. Technically, the price is testing the 76,100 support level and forming a correction aimed at seeking liquidity. Key levels to watch include 78,300, 78,700, and 79,460. A short squeeze and the formation of a reversal pattern could return the price to a downward trend Resistance levels: 77,600, 78,700, 79,460 Support levels: 76,100, 75,600 Focus on the 77,600 consolidation resistance; a breakout could trigger an upward impulse toward the 78,700 imbalance zone in a liquidity hunt. A short squeeze in the resistance zone could return Bitcoin to a downtrend. Best Regards, R. Linda!

$VVV Top Most Likely IN Notice Higher high on PA with bearish volume and divergence on the RSI Just waiting for the break below the EMA9 and .236 Fib ~$15.5 to confirm Pretty much a perfect short setup here 😎

Fibonacci Retracement Trading Strategy for Beginners Understanding the ABC Pattern and Retracement Levels In the previous article , we learned about the most popular Fibonacci retracement levels: 23.6% 38.2% 50% 61.8% 78.6% If you missed the previous article, make sure to read it first. Today, we will learn how to use these retracement levels with the ABC pattern. Why Prices Move in Waves +-+-+-+-+-+-+-+-+-+-+-+-+ Prices rarely move in one direction for a long time. Sometimes, after major news or events, the market may suddenly skyrocket or crash, making trading difficult. Most of the time, prices move in a zigzag pattern called waves. This idea comes from the Elliott Wave Theory. We will study Elliott Wave Theory in a future tutorial. For now, our goal is to understand Fibonacci retracement levels in a simple way. Understanding the ABC Pattern +-+-+-+-+-+-+-+-+-+-+-+-+ First, you need to identify a market swing: A move from Point A to Point B is called the impulsive wave. A move from Point B to Point C is called the corrective wave. Point C should stay between Point A and Point B. It is not always easy to identify the ABC pattern correctly. It takes practice, patience, and experience. How to Draw Fibonacci Retracement Levels +-+-+-+-+-+-+-+-+-+-+-+-++-+-+-+-+- After finding the ABC move: Select the Fibonacci Retracement tool on your charting platform. Draw the tool from the low at Point A to the high at Point B in an uptrend. In a downtrend, draw it from the high to the low. For more accurate results, use candlestick charts instead of line charts or area charts. Should the Price Exactly Touch the Retracement Level? +-+-+-+-+-+-+-+-+-+-+-+-++-+-+-+-+-+-+-+-+-+- Many beginners believe the price must perfectly touch the retracement level. That is not always true. Sometimes the price may reverse slightly above or below the level. If the market reacts near the retracement zone, the setup may still be valid. Which Retracement Levels Are Important? +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+- The standard retracement levels are: 23.6% 38.2% 50% 61.8% 78.6% Note: The 50% level is not officially part of the Fibonacci sequence, but traders still consider it very important. Where Should You Enter a Trade? +-+-+-+-+-+-+-+-+-+-+-+-+-+- There are three common approaches. Door 1 — Aggressive Entry (Highest Profit Potential) ********* You enter the trade when the price reaches a retracement level such as: 61.8% 50% 38.2% You assume the correction is ending and Point C has formed. This strategy offers high profit potential, but it also carries higher risk. Door 2 — Confirmation Entry (Moderate Risk) ********* Instead of entering immediately, wait for confirmation. For example: The price reacts near 61.8% An oscillator gives a signal Moving averages support the move A bullish or bearish candlestick appears After confirmation, you can enter the trade. This method reduces the chance of failure compared to Door 1. Door 3 — Safe Entry ( Recommended for Beginners ) ********* Wait until the price breaks above the recent high in an uptrend, or below the recent low in a downtrend. This is the safest approach because the trend confirmation is stronger. However, the possible profit may be smaller compared to earlier entries. Which Entry Method Is Best? +-+-+-+-+-+-+-+-+-+-+-+-+-+- The answer depends on: Your experience Your risk-taking ability Your market knowledge Your trading psychology Remember: You do not need to catch the exact bottom or top to make money. If you enter after the correction ends, you are already ahead of many traders and investors. Stop Loss Using Fibonacci Retracement +-+-+-+-+-+-+-+-+-+-+-+-+-+- Fibonacci retracement levels are also useful for placing stop losses. For example: If you enter a long trade near Point C, Point A can act as your stop loss. If the entry is near the 61.8% retracement level, some traders may place a tighter stop near the 78.6% level. Fibonacci levels can also help with trailing stop losses. Combination Strategy 1: Fibonacci + Trend Lines +-+-+-+-+-+-+-+-+-+-+-+-+-+- Fibonacci tools work especially well in trending markets. You can combine Fibonacci retracement levels with trend lines to: Identify strong support and resistance Spot possible breakout areas Place stop losses below the trend line No strategy works every time, but this combination often offers: Small potential risk Larger potential reward Combination Strategy 2: Fibonacci + Support and Resistance +-+-+-+-+-+-+-+-+-+-+-+-+-+- Another powerful method is combining Fibonacci retracement levels with important support and resistance zones. These support or resistance areas may come from: Previous highs Previous lows Important market reaction zones You can also strengthen this strategy using moving averages such as: 10 MA 20 MA 50 MA 100 MA 200 MA Example If the: 50 Moving Average, and 50% retracement level are located near the same price area, that zone may become a strong support level. Final Thoughts +-+-+-+-+- Fibonacci retracement is not a magic system. It is a tool that helps traders understand: Market corrections Trend continuation Support and resistance Risk management The more you practice identifying ABC patterns and retracement zones, the better your understanding of market behaviour will become. In the next article, we will explore Fibonacci projections and convergence.

by forextidings

GOLD - The pressure of the global bearish trend ICMARKETS:XAUUSD is trading near the key daily support level of 4,510; the reaction within the long squeeze is weak, and the market continues to maintain a bearish structure. Meanwhile, the dollar is stagnating Gold received support from geopolitical optimism on Wednesday, but the Fed’s hawkish stance and the possibility of a breakdown in negotiations are holding back gains. Today’s PMI data and developments regarding Iran will determine whether gold can hold above $4,600 Technically, the market is under pressure from bears within the medium-term trend. Locally, the focus is on two key triggers: the control point and the liquidity zone at 4,540. The second key zone is the resistance of the current local range at 4,588–4,607. Resistance levels: 4,540, 4,588, 4,607 Support levels: 4,510, 4,565, 4,400 Locally, the dollar is stagnating due to geopolitics, but at the same time, consolidation is forming above key support, which is generally putting pressure on the metal. After hitting a new low, gold is forming a correction and closing within the 4465–4588 range; the reaction from the bulls is relatively weak. A short squeeze at 4540 (second trigger at 4588) could trigger a decline. A close below 4510 could trigger a drop to 4400 Best Regards, R. Linda!

FSN E-Commerce Ventures Ltd – Rounding Bottom Setup | Accumulati FSN E-Commerce Ventures Ltd – Rounding Bottom Setup | Accumulation in Progress CMP: ₹281 SL: ₹225 Targets: ₹319 / ₹354 / ₹426 / 530 Nykaa has started showing signs of a long-term rounding bottom formation after a prolonged consolidation phase. The stock is currently trading inside a major monthly range and attempting to build a strong base near the ₹230–270 zone. A decisive move above the ₹320 breakout zone can trigger fresh upside momentum. Price action suggests gradual accumulation with institutions slowly building positions. The broader structure indicates a possible transition from consolidation to expansion phase. Technical View Monthly range breakout structure developing Rounding bottom pattern under formation Accumulation visible near support zones Higher probability move once ₹320 sustains Volatility expected before actual expansion Strategy Keep entries staggered Use pyramiding approach on confirmation breakout Avoid oversized positions in volatile markets Strictly respect stop loss and capital management If market remains supportive, the stock can slowly move toward higher pattern targets over the medium to long term. ⚠️ Clarification: This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.

$MU $33 Billion Revenue Guided Next Quarter. Daily Chart Entry!Micron Technology just reported its fiscal Q2 2026 results and the numbers are not normal. Revenue came in at $23.86 billion, up 196% year-over-year, beating Wall Street expectations of $20.07 billion. Non-GAAP EPS hit $12.20 against a consensus of $9.31. Then the company guided Q3 FY2026 revenue at $33.5 billion, implying over 200% growth from the same quarter last year. These are not incremental improvements. This is a structural shift in the memory market driven entirely by AI. 🤖 The reason is simple. Every major AI accelerator runs on High Bandwidth Memory. Nvidia's GPUs cannot function without it. Micron is one of only three suppliers on the planet and its entire calendar 2026 HBM supply is already sold out under long-term price and volume agreements. Supply is tighter than demand. That dynamic does not reverse quickly. 🔒 Micron was added to the S&P 100 in March 2026, triggering automatic buying from passive index funds. Full fiscal year 2026 capex has been raised to over $25 billion. HBM4 is already in high-volume production for Nvidia's Vera Rubin architecture. The HBM total addressable market is projected to grow from $35 billion in 2025 to $100 billion by 2028, a timeline pulled forward by two years. Mizuho has a $800 price target. Citi has $840. The highest analyst target on the board sits at $1,000. 🎯 The stock has pulled back from its 52-week high of $818.67 and is currently consolidating. The daily chart has printed a clean demand zone at the 0.618 Fibonacci retracement. This is the entry. 📊 🟢 Buy Zone ~ $594.93 area (0.618 Fibonacci) Daily demand zone with Fibonacci confluence. Price has pulled back from the all-time high into a level where institutional buyers are active. 💰 Entry: $594.93 🛑 Stop: $566.47 (4.78% below entry) 🎯 Target: $1,017.40 (71% upside from entry) 📈 Risk/Reward Ratio: 14.84 📅 Next Earnings: 24 June 2026 The fundamentals have never been stronger. The chart is giving the entry. Let price come to the zone. 🚀 ⚠️ Not financial advice. Manage your risk.

by ConnectmyCurrency

Understanding Fibonacci Trading Tools Why Fibonacci Tools Are Better Than Traditional Technical Analysis Tools +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+- Many people still believe that buying stocks of old and strong companies and holding them for years is the best way to make money. They think long-term investing is always better than disciplined short-term trading. But investors should understand one important thing: during a financial crisis or recession, even good companies can fall sharply. When large investment funds face heavy withdrawals, they are forced to sell shares to return money to investors. At that time, they may sell shares of both weak and strong companies. I have studied and cleared exams such as Research Analyst, Technical Analysis, Wealth Management, Derivatives, and also studied Series 65. In most technical analysis courses, people often say, “Trend is your friend.” They teach indicators such as MACD, Moving Averages, RSI, CCI, and many other oscillators. These are called lagging indicators . A lagging indicator follows price movement after it has already started. It reacts to the trend instead of predicting a reversal. But have you heard about leading indicators ? There are many leading indicators, but today we will discuss one of the best tools: Fibonacci tools . Fibonacci tools can help traders identify support and resistance levels before the price reaches them. Professional traders often use leading indicators because they want to enter and exit trades early. Introduction to Fibonacci Numbers +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+ Leonardo Pisano Bigollo, born around 1170 in Italy and better known as Leonardo Fibonacci, introduced the Fibonacci sequence to the Western world through his book Liber Abaci. Interestingly, Indian mathematicians already knew about this sequence centuries earlier. The Fibonacci sequence starts like this: 0 1 0 + 1 = 1 1 + 1 = 2 1 + 2 = 3 2 + 3 = 5 3 + 5 = 8 5 + 8 = 13 …and so on. Each number is created by adding the previous two numbers together. Fibonacci Ratios and Retracement Levels +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+ Fibonacci ratios are created by dividing one Fibonacci number by the next number in the sequence. Examples: 5 ÷ 8 = 0.625 13 ÷ 21 = 0.619 89 ÷ 144 = 0.618 The value 0.618 is known as the Golden Ratio . We will understand this concept in detail with examples in upcoming educational articles. These ratios are also used as retracement levels in trading. The most popular Fibonacci retracement levels are: 23.6% 38.2% 50% 61.8% 78.6% Note: The 50% retracement level does not come directly from the Fibonacci sequence, but traders still consider it an important level. Understanding Price Behaviour +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+ Before learning Fibonacci tools deeply, we first need to understand how price behaves in the market. What Happens When There Is No Trend? If there is no strong trend, the market usually moves sideways in a range. Statistics suggest that markets trend only about 30% of the time. The rest of the time, prices move sideways. During sideways markets, there is no clear direction. It becomes difficult to make profitable trades. Smart traders often wait patiently for a strong trend to return before entering the market. How to Identify an Uptrend and a Downtrend +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+ Uptrend An uptrend happens when the price creates: Higher highs Higher lows Downtrend A downtrend happens when the price creates: Lower highs Lower lows Sometimes you may see prices moving straight up or straight down very quickly. This usually happens because of unexpected news or major events. If you trade Forex or international commodities, always pay attention to the economic calendar. Why I Am Writing This Article +-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+ Some courses claim to teach a “magic trading system” based on Fibonacci tools. Many of these courses cost between $799 and $999. But remember this clearly: There is no magic system in trading. No indicator or strategy can guarantee profits every time. Whether you trade stocks, Forex, commodities, or bonds, you will find Fibonacci ratios used everywhere because they help traders understand market behaviour better. What’s Next? +-+-+-+-+-+-+ In the next article, we will study Fibonacci retracement levels in greater detail and learn how traders use them in real market conditions.

by forextidings

HCL Technologies — 61.8% Fib Breakout Setup 💻 HCL Technologies — 61.8% Fib Breakout Setup CMP: ₹1,668 Stop Loss: ₹1,580 Targets: ₹1,747 / ₹2,002 🔍 Price Action View Amid ongoing tariff-related news flow and elevated volatility, HCL Tech is emerging as one of the stronger names within the IT pack. Key technical highlights: Formation of a clear double bottom structure ₹1,747 is the critical level — it marks both the neckline of the pattern and the 61.8% Fibonacci retracement A decisive breakout above ₹1,747 can trigger fast upside expansion, with momentum carrying the stock towards the ₹2,002 zone This is a break-with-force setup — follow-through strength above 1,747 will be the confirmation. ⚠️ Risk & Execution Note With high volatility in global markets, risk management becomes more important than prediction. ⚠️ Trading Approach This is a patience trade, not a momentum chase Reduce position sizing due to volatility Let the price structure confirm and expand Avoid over-leveraging; give the setup enough room ⚠️ Clarification: This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.

PNB – Rounding Bottom on Monthly | Reversal in Making?🟦 PNB – Rounding Bottom on Monthly | Reversal in Making? Punjab National Bank is after many months showing a rounding bottom on the monthly chart, which often signals a medium-to-long term trend reversal. That said, this is still a pre-emptive stage, so caution is required. 📊 Technical Structure • Monthly rounding bottom formation emerging • Early reversal signs, not a confirmed breakout yet • PSU banks showing strength due to improving results • Market volatility is high → avoid aggression • Key hurdle: 61.8% Fibonacci at ₹153.8 • Until 153.8 is crossed & sustained, no major momentum 💰 Trade / Positional Levels • CMP: ₹132.35 • Stop Loss: ₹115 🎯 Upside Levels • ₹143 – short-term resistance • ₹154 – critical zone (61.8% Fib) • ₹198 – post-confirmation momentum target • ₹230 – rounding bottom expansion target 📌 Trading Approach • This is a structure-in-development, not a breakout trade • Control position sizing strictly • Prefer small / staggered exposure • Wait for PNB results before taking any big position • Momentum likely only after 153.8 is crossed decisively ⚠️ Clarification: This is an independent analysis. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees – shared for educational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision. ⚠️ Above 153.8 = momentum. Below it = patience.

Hindustan Zinc – Rounding Bottom Breakout (Pre-emptive)Hindustan Zinc – Rounding Bottom Breakout (Pre-emptive) Setup: Rounding bottom formation on higher timeframe CMP: ₹690 SL: ₹570 (structure breakdown) 🎯 Targets (trail progressively) T1: ₹737 T2: ₹807 T3: ₹895 T4: ₹1,110 T5: ₹1,236 Fibonacci confluence: Long-term Fibonacci extension 1.61 ≈ ₹1,211, aligning with T5 zone → strengthens the structural target. 🔗 Why this works Silver linkage: Hindustan Zinc benefits from silver strength; the ongoing global silver run supports the upside bias. Fundamentals: Quarterly results were strong, improving confidence to hold through volatility. Structure: Rounding bottom indicates accumulation → expansion if the neckline sustains. ⚠️ Risk & Execution Notes (read carefully) If global cues turn unstable and silver corrects, expect sharp volatility. Do NOT go all-in. Use staggered buying near dips/confirmations. Strict position sizing is critical; patience required to capture higher targets. Trail SL once T1–T2 is achieved to protect capital. ⚠️ Clarification: This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.

SHIPPING CORPORATION OF INDIA (SCI) – Ready for Big Bounce?🟦 SHIPPING CORPORATION OF INDIA (SCI) – Ready for Big Bounce? Shipping Corporation of India is showing early signs of a potential upside bounce, though this is still a pre-emptive setup and requires patience. 📊 Technical View • Possible Inverse Head & Shoulder forming • Right shoulder under formation • Break & sustain above ₹280 = confirmation • Stock corrected to 61.8% Fibonacci (~₹192) and has held this support multiple times • Budget allocation towards shipbuilding adds a positive backdrop • Volatility remains high, so risk control is critical 💰 Trade / Positional Plan • CMP: ₹228.20 • Stop Loss: ₹189 🎯 Targets • ₹280 (breakout trigger) • ₹384 • ₹454 📌 Approach • Prefer staggered entry • Strict position sizing control • Longer-term structure, not a chase • Impatience = forced cut if sharp pullback comes ⚠️ Clarification: Independent analysis. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. No fees charged – shared for educational purposes only. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision. ✅ Above 280, structure activates. Till then, patience is the edge.

BSE – High Volatility, High Return Potential?🟦 BSE – High Volatility, High Return Potential? BSE is showing high volatility, and when backed by structure, volatility can translate into opportunity. 📊 Technical View • Sharp fall after NSE IPO announcement, followed by strong recovery • Price action suggests upside as long as recent lows hold • VCP (Volatility Contraction Pattern) forming • Breakout trigger: Sustained move above ₹3030 • ₹3030 marks long-term horizontal + trendline resistance • Break above this zone can open strong follow-through 💰 Trade / Positional Plan • CMP: ₹2903 • Stop Loss: ₹2370 🎯 Targets • ₹3325 • ₹4027 📌 Trading Approach • High volatility → keep quantity in check • Prefer staggered entry • Strict position sizing • Patience trade, not a chase • Avoid reacting to news flow; respect SL ⚠️ Clarification: Independent analysis. No part of Religare involved. 📝 Important: No responsibility for profit/loss. No fees charged. 📉 Disclaimer: Not SEBI-registered. Please do your own research. ✅ Volatility creates opportunity — discipline decides returns.

KRN Heat Exchanger and Refrigeration 🏭 Stock: KRN Heat Exchanger and Refrigeration 💰 Trade Plan CMP: ₹1000 Stop Loss: ₹748 Targets: 🎯 ₹1069 🎯 ₹1197 🎯 ₹1452 Add zone: Around ₹872 if healthy pullback appears. 📊 Technical Structure Stock remained in a broad range for almost 1 year February showed strong momentum expansion Volume + price expansion signals participation Structure suggests start of trending phase This is classic: Long consolidation → Momentum burst → Potential trend continuation If momentum sustains, probability shifts toward new trending move. But remember — momentum stocks can be volatile. 📌 Trading Approach (Read Carefully) High volatility → keep quantity light Staggered entry, no lump-sum aggression Strict position sizing This is a patience trade, not a chase Ignore noise & news flow — price > opinion SL must be respected at all costs No overconfidence. No prediction. Only structure + discipline. ⚠️ Clarification: This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation. 📝 Important: I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes. 📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.