AndyM
Short

Experimenting with Trend-based fib time tool - short NIKKEI

FX:JPN225   Nikkei 225 index of Japanese listed shares
I just discovered that TrView has a very neat tool for applying fibo ratios to trend duration.
Called "Trend-based Fib Time".

Since the duration of the correction often lasts 61.8% of the trend, there we have it - NIKKEI (and others) seem to be approaching this very milestone. It looks like a shorting opportunity to me.

NIKKEI is a high beta index , offering larger swings than SPX             , so why not give it a try?
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out