Let's take a look at a lesser used form of Fibonacci - Spirals! Trend is still very bullish as everyone can see. We are testing highs again over the next few weeks. Three things can happen - consolidation through the Resistance Area, or a change up or down to the Target Area or Correction Area. All the signals are pointing to the price moving UP. My position...
Fib Spirals are a quirky indicator, you have to place them properly and you can only use them when you reset and lock the scale. But still, it is an indicator I enjoy using because it gives you a better idea of a realistic range during a specific date. Take as an example the range between 10/4 and 10/6. Too many people are expecting Ripple to moon, I prefer to...
If today fed hike rates, then hoping for Gold to reach 1179.51 and then will eventually rise up. but slow rise.. But, fed can also extend their decision for next month, so a stop loss of 1211.68.. Summing up all... CMP 1200.33 Target 1179.51 Stop Loss 1211.68
Expected bearish for the next couple of days once it hits the trendline. Buy LONG as soon as it hits the 2.5 for a 2.13% in the next week. I am going in with a micro lot of 0.05 without a stop loss. If you put stop loss. I would suggest at 2.5000
To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however...
4 months consolidation phase spawned a considerable liftoff that exceeded my expectations and made me turn my monitor vertically to inspect the full height of that pop. What's next? Cyclic nature of open-ended markets entails the never-ending torrent of repeatedly changing accumulation phase and distribution phase in such a way that the end of an antecedent phase...
Synopsis: RSI, Stoch, MACD all point to up trend. (Strong signal) Fibonacci confirms strong levels of support (26.70) and Resistance Pitchfork showing downward and sideways trend, with price on the median. Fib arcs show upcoming resistance zones (counting one we just entered) I labeled the action reaction lines to help better understand what I was and am...
Strong signs of upward mobility, strong indicators of bear territory. Andrews Pitchfork Downward over the long term. RSI, CCI, Stochastic are showing reversal from bull to bear. Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so. Touch on the 2.09-2.20 resistance region. Upper resistance at 0.618 pitchfan level. Upwards...
Experimental projection on SPX500 daily chart. Use the screenshot below to adjust the scale: Cheers, Keops
Experimenting with fib spiral channels on EURUSD daily chart. It seems that it is transiting to the red channel which go downward. Please note the dark brown spirals at the top they act as resistance. Cheers, Keops
Experimenting with fib spiral channel. 2000 levels may be breached by this Friday. Cheers, Keops
Experimenting with Fib Spiral Channels on APPL. I'm curious to see how it will played out in a couple of days. Hope you like the idea.. Cheers, Keops
Applying the fib spiral we are able to see that once a bottom is in for BTC the widest points of a fib spiral can help us time our trades during a bubble. Its helpfulness is somewhat limited by not knowing for sure that a bottom (point 1) and break out has occurred (point 2). However if a new all time high is achieved then setting a line (point 3) at the outside...
--- Please readjust the scaling so that the spiral sits just above recent price action --- We are still in the process of consolidation. In my opinion, the recent drop should not be interpreted as a meaningfull breakdown. It's still within the acceptable range. Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data). A break...
Hi -, presenting my weekly spiral chart. as you can see blue and green spirals marked perfectly weekly trend reversal zones. Keep in mind that selected red spiral anchor points are not 100% valid due to structure complexity. Cheers.