Wolf
Long

Fibonacci might be telling us something!

FX:SPX500   S&P 500 index of US listed shares
88 3 1
Bad news, that's what he is telling us.
koolmus
a year ago
Please explain... I don't get it. You are doing Fibonacci backwards? Long or Short?
Reply
Wolf koolmus
a year ago
It's called the Golden Ratio which is related to Fibonacci.

Golden Ratio = 1.618

It can be seen as this:

snapshot


Some of the greatest mathematical minds of all ages, from Pythagoras and Euclid in ancient Greece, through the medieval Italian mathematician Leonardo of Pisa and the Renaissance astronomer Johannes Kepler, to present-day scientific figures such as Oxford physicist Roger Penrose, have spent endless hours over this simple ratio and its properties. But the fascination with the Golden Ratio is not confined just to mathematicians. Biologists, artists, musicians, historians, architects, psychologists, and even mystics have pondered and debated the basis of its ubiquity and appeal. In fact, it is probably fair to say that the Golden Ratio has inspired thinkers of all disciplines like no other number in the history of mathematics. (Mario Livio)

This can be applied to stock psychology too. Just like any pattern in nature as well.
Reply
koolmus Wolf
a year ago
Thanks a lot ! I'll check it out to understand further
Reply
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 Account and Billing Sign Out