... for a 67.75 debit. Comments: Starter position, selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 67.75/share Max Profit: 3.25 ROC at Max: 4.80% 50% Max: 1.63 ROC at 50% Max: 2.40% Will generally look to take profit at 50% max, add at intervals (assuming I can get in at break evens/strikes better than what I currently have on), and/or roll out short call if my take profit is not hit.
OANDA:XAGUSD is currently testing a key resistance level, presenting a potential sell opportunity. If price fails to break above and holds below this resistance, a downward move towards 30.61800 could be expected. A rejection at this level—confirmed by a bearish candlestick pattern or strong selling pressure—would strengthen the bearish outlook. Traders should watch for signs of failure to break resistance, which would support the short position. However, if the price breaks and closes above resistance, the bearish scenario would be invalidated, and the bias would shift to the upside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
1. Elliott Wave Structure This chart follows a clear Elliott Wave pattern with an impulse sequence: Wave 1: Initial rally with significant volume expansion. Wave 2: A corrective phase where price retraced. Wave 3: The strongest wave with an extended move upwards. Wave 4: A deep correction that found support at prior consolidation. Wave 5 (Expected): Price is forming the base before a final move upwards. The chart suggests we are currently in the final corrective phase (Wave 4) before launching into Wave 5. 2. Fibonacci Retracement Levels The chart highlights key Fibonacci retracement levels, acting as support zones for reversal: 0.236 Fib: 0.00001860 USDT (Minor resistance) 0.382 Fib: 0.00001517 USDT 0.5 Fib: 0.00001281 USDT 0.618 Fib: 0.00001091 USDT (Strongest support) The price is currently testing the 0.618 retracement level, which aligns with Elliott Wave principles for Wave 4 retracement. A bullish reaction from this zone could confirm Wave 5. 3. Indicator Analysis MACD: The MACD histogram is in negative territory, indicating a corrective phase. If the MACD line crosses bullishly, it would confirm a trend reversal into Wave 5. RSI (Relative Strength Index): Currently near 34, which is approaching oversold conditions. If the RSI starts making higher lows, it will confirm a bullish reversal. Volume: Volume has increased near the key support level. If volume spikes with a bullish engulfing candle, it will confirm buyer re-entry. 4. Key Price Levels & Trade Strategy Buy Zone: Between 0.00001091 - 0.00001281 USDT (Key Fibonacci & Elliott Wave Support) Take Profit Levels (Wave 5 Targets): 0.00001954 USDT (0.236 Fib Extension) 0.00002821 USDT (0.786 Fib Extension) 0.00004728 USDT (1.618 Fib Extension) Stop-Loss: Below 0.00000980 USDT (Break of Wave 4 structure) Final Thoughts Bullish scenario: If price holds above 0.00001091 USDT, the probability of Wave 5 continuation is strong. Bearish scenario: If the price breaks below 0.00000980 USDT, a deeper correction could occur. Confirmation signal: A MACD bullish crossover and RSI rising above 40 would indicate a trend shift. Outlook: Bullish Potential for Wave 5 This setup aligns with Elliott Wave, Fibonacci, and momentum indicators, suggesting a strong bullish move could follow. Keep an eye on volume spikes and breakout confirmations before entering the trade. --------------------------------------------------------------------------------------------------------------------- ? WaveFibs – Your Crypto Trading Hub ? Stay connected with WaveFibs across all platforms for free trading signals, in-depth market analysis, and educational resources to master the markets. ? Main Website: WaveFibs.com ? Education Hub: Crypto Trading Education ? Live Trade Setups & Charts: WaveFibs on TradingView ? Market Insights & Updates: WaveFibs on X (Twitter) ? Community & Engagement: WaveFibs on Facebook ? Video Analysis & Tutorials: WaveFibs on YouTube ? Join Our Telegram Channels for Real-Time Trading Signals & Analysis: ? News & Market Analysis: WaveFibs Telegram ? Free Crypto Signals – When to Buy & Sell: Top Crypto Stock Signals ? Follow & Stay Ahead of the Markets! ?
LINK has been range-bound for the past two weeks, struggling to break through the $26-$27 Key Zone. After multiple strong rejections, price started slowly to pull back, now approaching a critical support zone, the 0.618 Fibonacci retracement at $21.41. Key Levels & Recent Price Action: 0.618 Fib Retracement ($21.41) Weekly Level ($20.96) & 0.666 Fib → Additional confluence reinforcing this support zone Fib Speed Fan (0.8) → Aligns with this level, making it a high-probability bounce area Short Trade Recap Today, the weekly level was tested, leading to a rejection, offering a valid short setup. For the short trade target the dOpen was hit perfectly, acting as a key intraday level. Now, the big question: Will LINK lose the dOpen and head lower to finally test the 0.618 retracement? Or will buyers step in to defend this level? Long Setup & Upside Potential: Entry Zone: $21.41 - $20.96 (Golden Pocket) Stop Loss: Below 0.786 Fib Take Profit: $30 psychological level, $35 - 0.618 Fib Why This Trade Setup is High-Probability: Liquidity Sweep Potential → A dip into this range could liquidate long positions, creating a strong buying opportunity Golden Pocket Confluence → 0.618 & 0.666 Fibs + Weekly Support = A strong demand zone Final Thoughts: If LINK breaks below the dOpen, the swing low and the 0.618 fib retracement becomes the key level to watch for a high-probability long entry. If price reacts strongly to this support zone, a long trade could target $30+ in the coming future, offering an excellent risk-to-reward setup!
I missed this one at the close yesterday and tried to get in after hours at 24.65 but failed. Lucky me- I got in this morning at 24.50 instead. After selling NYSE:NU yesterday I am underrepresented in financials, so I'm in here. Not the prettiest chart, but it's paying me an almost 4% dividend if I have to wait. I don't expect to have to wait long enough for it to matter, it's just a nice "safety net" in case I have to. Competing trendlines in play here, but this is is a quick flip, so they are likely not to be significantly influential. Just thought I'd point them out here for the chartists among us. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
I'm no expert but this is what I think. Please share your thoughts if we can go for the next target up to $0.055 or so. Happy trading!
Uniswap coin has a chance of moving ether to 4-hour timeframes EMAs where we would look for short or a break of local smaller support, which again would result in a move to lower zones. In total, we see 3 possible trades to be taken so let's see! More in-depth info is in the video—enjoy! Swallow Team
Free traders discord https://discord.gg/Tch4kFzvdC 40% Profit, 72% Strike Rate and 2% Drawdown... Would you run this strategy on full automation?
Hi All! Gold might take another shot at testing its all-time high—because why not? We could see the formation of a fifth-wave impulse with a broad target range of 2780–2792. However, if it breaks below 2750, gold may head down to test the 2720 support level. Let’s not forget—today is the Fed meeting, and Jerome is about to give the markets a reason to move. Whether it’s a rally or a rollercoaster drop, buckle up—Powell’s got the wheel!
Right now I'm seeing so much fear across social media regarding BTC price that I cannot help but post that we are basically in wave 2 correction of a larger wave 5, and the wave 2 has probably ended or is about to end at any moment, so just sit back and relax and keep HODLing on cuz the wave 3 target is $130K minimum! https://www.tradingview.com/x/v7vMPrUd/