Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 12.1/61.80% 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.
So most people are used to the typical, "drag from bottom to a top or top to bottom and see where the percentages(ratios) lay"...well I kinda did it a little differently....as my name suggests, its a psychotic technique...but it hit some funky levels eh? You take a high to a high, or in this case a low to a low and then you use the reverse function on the settings to show what it would be like: Theory-- To understand a fib retrace you have to retrace something, but what if the bottom you are looking at may not be a true corrective bottom. Well, pick to pivot bottoms, as seen above and then connect them. But the reverse function allows for the "retace" to be calculated for another set of bottoms to come or if you may be at a new high peak. Its by no means random cause you are following a retrace but using a multiplier and two pivots (be them highs or lows) to see what the mathematical nature of those two lows mean to your future charting. As follows... are those two lows I used really worth using for further analysis, well seeing how many times those fib lines hit seriously important places, they can be. But also, it means that you can connect those two and then do other funky things with them, which I will show below, to check "angular Fib Channeling" for future price action levels too. If it all makes no sense, then answer me this,....you ever do something so out of the ordinary one day and something just clicked into place- like weirdly accurately; you find out there was an entirely different way to go about the thing you did and it arrives at the same mathematical conclusion...that is what I excel in- finding the weird, but working ideas. 4hr view: https://www.tradingview.com/x/66GzXAA9/ angular Fib Channeling on the daily and 4hr respectively: https://www.tradingview.com/x/CuEPsYPF/ https://www.tradingview.com/x/ghzdBkIT/ and the more funky way using algorithmic numeration with Fib Channeling: https://www.tradingview.com/x/uSipX6pd/ (same blue arrows as previous fib channel regular settings, but changed numbers to my own mathematically derived...see what I mean that math can get you to the same place even with many different avenues of choice available) ------- and lastly...to find angles if you arent able to: You use the date and time combo measuring tool to find the exact square of two pivots you want to check the angle of...you go from the one point to the other, and then drop down along the same vertical of point two until you get to the exact value price of point one. Then you simple use the fib tool to set the angle from point one to two, then drop down vertically to the third point and there you go...see, works quite nicely...also using my custom number again: https://www.tradingview.com/x/ru8Lo3zC/ 4hr: https://www.tradingview.com/x/4rbxghux/ https://www.tradingview.com/x/DeD18nDF/
MHOT (EGX) just confirmed a breakout above a long-standing sideways range near 29.5 EGP, supported by increasing bullish momentum across multiple indicators. ? Ichimoku Cloud: Price is clearly above the cloud on both daily and weekly charts — signaling strong trend structure. ? MACD + SQZMOM: Both confirm momentum acceleration and possible trend ignition. ? Stochastic RSI + RSI: Still have room for upside without being overextended. ? Trade Plan: Entry 1: 30.50 EGP Entry 2: 29.40 EGP (support retest) TP1: 33.00 EGP TP2: 36.00 EGP TP3: 39.90 EGP Stop: 27.70 EGP ⏳ This setup favors swing traders looking to ride a multi-week move toward previous highs, with a risk-reward ratio up to 3.5. ? As always, use proper position sizing and risk management.
Both the market and VIX are showing bullish and bearish signals. I try to explain what the possibilities are if we - rally higher, or sell down below 5550. Good luck
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 27.7/61.80% 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.
Bitcoin: Currently, Bitcoin is at a key resistance zone around the $97,500 level, which holds significant technical importance as it has acted as a price barrier multiple times in the past. In a bullish scenario, if Bitcoin manages to decisively break through this resistance and stabilize above this level, a strong upward movement could begin. With increased trading volume and buyer support, the price could target the next level at around $115,000. This scenario is particularly likely if positive fundamental factors, such as favorable news regarding Bitcoin adoption or improving macroeconomic conditions, support this move. However, in a bearish scenario, if Bitcoin fails to overcome the $97,500 resistance and faces selling pressure, a price correction becomes more probable. In this case, the first significant support level is around $92,000, which could serve as an initial correction target. If selling pressure persists and this level is breached, the next support lies at approximately $89,500, which may act as a temporary price floor. Given the current market conditions and recent volatility, my personal view leans more toward a potential price decline, as technical factors and market uncertainty may strengthen sellers. Risk Warning: Investing and trading in the cryptocurrency market involves high risk. Prices can be highly volatile, leading to significant profits or losses. Please conduct thorough research and seek professional financial advice before making any trading decisions. This analysis is solely a personal opinion and should not be considered financial advice. You are solely responsible for any trading decisions you make. Good luck Pooya Salehipour
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 71.7/61.80% 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.
Multiple TRENDLINE touches/rejections on the 12M timeframe which clearly indicates Bullish idea, a very strong Demand zone as well, and also we have Bullish Candlesticks patterns that also indicates a Bullish market. Going down to the 6M, 3M, and also the monthly timeframe, we have a Inverse Head and Shoulders Chart Patterns that occurred on each of the above aforementioned timeframes respectively. scaling down to the weekly timeframe, we have Candlestick Confirmation pattern that indicates a reversal to the upside.
Tether, the issuer of the world’s largest stablecoin, revealed strong first-quarter earnings for 2025, posting over $1 billion in operating profit and disclosing nearly $120 billion in U.S. Treasury-related assets. The financials show that Tether held $98.5 billion in direct Treasury bills as of March 31, along with an additional $23 billion tied up in […]
Amazon’s upgraded digital assistant powered by generative AI, Alexa+, has rolled out to over 100,000 users, CEO Andy Jassy said on the company’s earnings call Thursday. While that’s a far cry from the 600 million Alexa devices out there, the company is making some progress on the rollout of Alexa+, which was first unveiled in […]