A good example of how price and time follow some FIB based patterns. Notice how the 38.2% retracement was achieved in the 3rd FIB time zone. Also note how we are approaching the 5th time zone and bouncing around the 61.8 level.
Gpro was up and a seriously bad day for equities. It will continue this direction and maybe find resistance at a Fib Level. Willing to take a small spec short position near the upper end of the range
Just 3 days ago published a chart on HIMX. From there stock went down and then up more then 10% to exactly the 0.38 fib line. Plotting fibs on HIMX shows that it just loves it - on an up trend lookout for 0.618 fib - seems to be a good place to retract, just like 0.38 and 0.5. Also, i missed on the last chart the current up-trending channel. Connecting recent...
Another great example of FIB retracement. Note how each FIB level becomes a support line.
A perfect example of pattern symmetry with FIB retracement
MOS just bounced off the the .754 fib and the trendline. When price approached this area volume increased, and overall volume began declining since the initial decline in July. I am purchasing Dec 50 calls
about to form a dubble top - neckline is also 50% fib which could hold, but if not this correction ends
2 Weeks ago we were caught up in a nasty range for EURUSD - which in this chart I've marked it with an "abc" correction for the previous down move. After that we continued falling down and as you can see I've marked the 5 wave sequence for this fall. Now the interesting part that I noticed right now, I've drawn a fibonacci projection for the wave 1 after I...
Another beautiful little Fib setup. if you measure the distance of AB, that distance will equal what I drew as CD. This is what you are looking for. The level here at D ($11.30-$11.40) is also the 50% rertracement from the drop at the end of last year. I always like to use the 1.618 extension, however, JCP retraced to the 50% level (not the 38.2% level) in this case.
Everything is explained on the chart but to explain a little further: 1. Very, very clean AB=CD pattern setting up here. Couple more pips down and it closes perfectly. BC leg retraced to 0.382 fib on the dot. 2. There are 2 major, daily structure levels surrounding the current position. 3. The AB=CD pattern closes on exactly the 0.382 fib retracement of the last...
If EURUSD can break below 1.3330 level, then look for a drop down to 1.3200, which is 1.618 extension of the drop we had from May-June.
thsi area is multi weeks high beinf flushed , also a confluence of fib and big channel top
With he stock having increased over 80% over the past 12 months I see the earnings tonight being the catalyst for the price to test the $620 highs of late February and early March.
Price just broke out of a range, in addition to breaking a Fib retracement drawn from last July. I am looking for a pull back before adding to my short position (short began at 1.3895 4/11/14)
This seems like the most likely reversal point and has 5 good reasons: Notice the convergence of 1) upward trend channel lines, 2) downward trend lines 3) support/resistance 4) a round price point, $123.00 5) Major recent hi/low fib support.
Price has retraced to the .764 fib, (most recent high) and has remained in a range just below it. Price is currently bouncing off the .618 fib and the RSI has failed to reach the 70. mark, and continues to move lower, creating bearish divergence (see chart) first target is horizontal resistance at .9217 which also coincides with the .5 fib level. A break of...
The Yen has been building in strength through the summer. Here price has entered in to a small range(within a larger downtrend), with price being rejected at the .618 fib retracement and the resistance line, which created a confluence of resistance. Recent candle wicks show rejection at the 101.800 level, so I suspect this retracement may becoming to an end. ...
Carefully adjusted fibchannel and timefibs. Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments) 0.618 - 0.764 time fibs mark a potential breakout area. Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways. So moon rally likely to start in august.