Helloow fellow gamblers!
I was looking at Fibs at a deeper level. The more I learn about them, the more obsessed I get with them. Now Fibs r my #1 trading tool. Most of u r already using Fib retracements. This chart shows that Fib extensions can also be very useful. I created them from Nov 8 2017 drop. Fib lines that did not control key levels r removed.
This chart shows what happened in the past. Next 1 might show the future.
I don't know what u guys r interested 2 c . U can write me in the comments if u don't want me posting these kinda ideas. If u wanna c more, just press the like button.
1:peace:
/:D
- Zoom in by dragging the scales. Double click for auto scale
PS: There r some hidden stuff in this chart and only the very curious 1s of you will find it.
Fib sequence: 1 + 1 = 2 + 1 = 3 + 2 = 5 + 3 = 8 + 5 = 13 + 8 = 21 + 13 = 34 + 21 = 55 + 34 = 89 + 55 = 144 + 89 = 233 + ...
Fib extensions: 1.618, 2.618, 4.236 &1.272 & 2, 3, 4, 5, 6, ... & 4.618, 5.618, ..., and a lot more
For the nerds:
Fib extensions:
- A number divided by the previous number approximates 1.618 (21/13=1.6153, 233/144=1.6181)
- A number divided by the second previous number approximates 2.618
- A number divided by 3rd previous number approximates 4.236
- Square root of 1.618 = 1.272
- Square root of 1.272 = 1.127
- Multiples of the base: 2, 3, 4, 5, 6, ...
- I am also using natural numbers + golden ratio 4.618, 5.618, ...
Retracements:
- A number divided by the next number approximates the golden ratio .618 (13/21=.6190, 55/89=.6179)
- A number divided by second next number approximates .382 (13/34=.382, 21/55=.3818, 34/89=.3820, 55/=144=.3819).
-- Also, note that 1 - .618 = .618 *.618 = .382
- A number divided by another three places higher approximates .236 (13/55=.2363, 21/89=.2359, 34/144=.2361, 55/233=.2361)
- Square root of .618 = .786
- Square root of .786= .886
Ref: stockcharts.com...school/doku.php?id=chart_s...
I was looking at Fibs at a deeper level. The more I learn about them, the more obsessed I get with them. Now Fibs r my #1 trading tool. Most of u r already using Fib retracements. This chart shows that Fib extensions can also be very useful. I created them from Nov 8 2017 drop. Fib lines that did not control key levels r removed.
This chart shows what happened in the past. Next 1 might show the future.
I don't know what u guys r interested 2 c . U can write me in the comments if u don't want me posting these kinda ideas. If u wanna c more, just press the like button.
1:peace:
/:D
- Zoom in by dragging the scales. Double click for auto scale
PS: There r some hidden stuff in this chart and only the very curious 1s of you will find it.
Fib sequence: 1 + 1 = 2 + 1 = 3 + 2 = 5 + 3 = 8 + 5 = 13 + 8 = 21 + 13 = 34 + 21 = 55 + 34 = 89 + 55 = 144 + 89 = 233 + ...
Fib extensions: 1.618, 2.618, 4.236 &1.272 & 2, 3, 4, 5, 6, ... & 4.618, 5.618, ..., and a lot more
For the nerds:
Fib extensions:
- A number divided by the previous number approximates 1.618 (21/13=1.6153, 233/144=1.6181)
- A number divided by the second previous number approximates 2.618
- A number divided by 3rd previous number approximates 4.236
- Square root of 1.618 = 1.272
- Square root of 1.272 = 1.127
- Multiples of the base: 2, 3, 4, 5, 6, ...
- I am also using natural numbers + golden ratio 4.618, 5.618, ...
Retracements:
- A number divided by the next number approximates the golden ratio .618 (13/21=.6190, 55/89=.6179)
- A number divided by second next number approximates .382 (13/34=.382, 21/55=.3818, 34/89=.3820, 55/=144=.3819).
-- Also, note that 1 - .618 = .618 *.618 = .382
- A number divided by another three places higher approximates .236 (13/55=.2363, 21/89=.2359, 34/144=.2361, 55/233=.2361)
- Square root of .618 = .786
- Square root of .786= .886
Ref: stockcharts.com...school/doku.php?id=chart_s...
Comment:
A great idea from my lovely friend Taiwan_Bear that shows the use of Fib time zones. It seems Fibs r controlling this market in every dimension.
Comment:
If you r still wondering how these Fib extensions r created you can:
- Press the "share" > "make it mine" and the chart will be yours. Select the Fib set > settings > coordinates
Or
- Zoom in the chart by dragging the scale. Period 8 to 12 Nov 2017. You will see the trend line for the Fib set.
- Press the "share" > "make it mine" and the chart will be yours. Select the Fib set > settings > coordinates
Or
- Zoom in the chart by dragging the scale. Period 8 to 12 Nov 2017. You will see the trend line for the Fib set.
It is strictly not a trade advice.