FX:NAS100   NASDAQ 100 index of US listed shares
36 1 0
New buying has been rejected last week - as we can see in this candle - , but it is still holding up a bit. Patience is rewarded as my Grandmom used to say :-)
This is a good idea. You've used fib levels combined with trendlines. A lot of people try point to point prediction with no secondary backup like a trendline. When I used to play options I found it helped to use a curve. I also added a limit curve to the right of it as a breakthrough. Stocks, currencies, etc. all have similar movement. When an instrument is approaching it's low or high it USUALLY increases speed. That's why I like the way your trendlines are increasing speed with the new rates of speed in the data. I find arcs are excellent when the scale is set to match them. They can be very precised. I try to set the chart for as many direct swing arcs (2 points hit on one arc) as possible. I stick to only 2 or 3 ratios. My favorites are .874 and 1 and the inverse of .874 ...1.144. It's always good to have a safety backup when precise point to point is not working..like trendlines that increase speed or even lay off in speed with the data.
United States
United Kingdom
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out