Short Fib 23,6% now. Next short target 1900points OR retracement
When S&P500 breaks the current level of ~2300 area, chart can drop to ~1900 levels!! But, there can also be a retracement and price will rise up again, even to ~3000 area. All depends of sentiment in the market. Fibonacci only shows what will happen when price bottom or price top gets broken, not if these levels will become broken. But IF they get broken, Fibonacci predicts which price level will be reached.
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500 . After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's December and the horizontal line came to an end. It is interesting what is going to happen now!
Will price retrace and go further long to 3000 points? or will it decline further and break through to 2000 area?
Also I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin , Bitcoin Cash , Ethereum , XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and Stellar. I still believe in crypto for the long- term!
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My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Fibonacci pattern
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
February 8, 2018 I published: "February March April I expect an horizontal move at S&P500 . After the horizontal movement we can expect a climb to 3000 points. This is just normal pattern. S&P500 has a cycle of 2/3 months. After a big short an even big long is coming of an equal percentage. OR, THE TREND REVERCES AND WE GO DOWN !" ..... Now it's December and the horizontal line came to an end. It is interesting what is going to happen now!
Will price retrace and go further long to 3000 points? or will it decline further and break through to 2000 area?
Also I invest in Crypto currencies and I trade CFD's. When you want to invest in crypto, I advise you to buy 'real coins' because on long term that will give you far more profit than speculate the chart with CFD's. I have bought Bitcoin , Bitcoin Cash , Ethereum , XRP-Ripple, ReddCoin, FeatherCoin, Adcoin ( ACC ), Bunny Token and Stellar. I still believe in crypto for the long- term!
-------------------------------------------------------------------------------------------------------------------------------------------
My strategy
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence.
How do I decide to open a position or not? First I analyse:
- Fibonacci pattern
- Sentiment on the market
- Own created indicators
- Moving-averages and Bollinger-Bands
Trading means investing. Sometimes you lose more than you win in the beginning of a period!
Don't forget to follow me, so you get updated when I post new analysis.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading