S&P-500: All Fibonacci Schematics Short

S&P 500SP

Description

⋅ Oct 26, 2023 4:10 PM

This concept is known as Fibonacci Clustering. (many fib sets on eachother)

All Schematics have both Support and Resistance for future swings.

I will add more images below for you so you can visually understand what the Support and Resistance stems from.

Go to the linked idea for extra details if you want.

Comment

⋅ Oct 26, 2023 4:14 PM

FULL MACRO (BACK TO) 1955

Comment

⋅ Oct 26, 2023 4:17 PM

FULL DOWNTREND FROM ATH WITH SUPPORT SCHEMATICS (DOWN)

Comment

⋅ Oct 26, 2023 4:27 PM

Last Piece of Fibonacci for this idea. There is one last piece of Fibs that I am about to post as this but better^^^^

Comments

arvine11

⋅ Oct 26, 2023 4:41 PM

Impressive work!

MichaelBsul

⋅ Oct 26, 2023 4:53 PM

@arvine11, Thank you Arvine!

Tradersweekly

⋅ Oct 26, 2023 4:40 PM

Thank you for sharing. I do not use Fibonacci techniques much, but I have to say that it is interesting how, recently, ES1! reversed just slightly below the 0.5 Fibonacci retracement level.

MichaelBsul

⋅ Oct 26, 2023 4:52 PM

@Tradersweekly, I agree, veryy decisive point we are at

Chadk5585

⋅ Oct 26, 2023 4:38 PM

Fall to the 2.618 ($2000) rise to the 1.618 ($3000) plummet to the 4.236 ($400). This is how I plan to trade. Exciting!!

MichaelBsul

⋅ Oct 26, 2023 4:51 PM

@Chadk5585, thank you! please check out the one I just posted as well! I mention the fibs more in it