SPX Fibonacci Support Resistance Zones: S&P500 as of Jun 12
These zones are calculated using Fibonacci Ratios of past price moves.
Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.
I will update as new zones are defined by upcoming Fibs.
Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.
I will update as new zones are defined by upcoming Fibs.
Comment:
Most fib zones still showing relevance.
I have been meaning to update, but I have only found a few minor new fibs.
But I think my new zones are quite a bit more precise yet. Will post a new idea soon.
But I think my new zones are quite a bit more precise yet. Will post a new idea soon.
Comment:
Another perfect ping during Asian session at week opening
Comment:
wow, so 6 months after posting, I am amazed by the accuracy of these fib lines
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
I am still bull, waiting for a zone to show serious support.