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Fibonacci

Market's MemoryOne of the main reasons that Price Action works so well is because the market has a memory. Here, I have studied the price behavior of Pilgrim's Pride and its relations to the Fibonacci levels. Ever since the start of this ticker in the exchange, the price has indicated sensitivity to the 50% Fibonacci level after a strong bearish move ends. In other words, whenever there was a strong bearish move and the stock bottomed and began to rise, it reached or came close to the 50% Fibonacci level only to move down thereafter. This is precisely the case if the price retraces up to the 38.2% level after the previous downward move. This is repeated twice; June 2012 and May 2016. In both cases, the price has a very strong downward momentum. Eventually, when the downward momentum ends, the price begins to move upwards. It passes the 38.2% Fibonacci, comes close or even touches the 50% Fibonacci, and moves downward right after. The bearish move the follows pushes the price as low as the 23.6% Fib. All this said, how can we generate some money from this? The following is my trading style for this observation. In the case the same scenario is forming, I will first wait for the price to pass the 38.2% Fib and keep watching until the price touches or comes close to 50% Fib. At this point, I will use the Awesome Oscillator as my trigger. Whenever the color of the AO changes to red, I will open a short position considering other parameters of my trading methodology (i.e. Money Management). I believe the same scenario is about to form for another time. I will definitely keep watching the stock for any trading opportunity and I will post if something emerged.
NASDAQ:PPCEducation
by UnknownUnicorn2339202
The ''Pulse'' of an asset times Fibonacci: Tron's trip to Band 2TRX with a gorgeous example of Force verus Mass. Impulse was confirmed early by Pings at 1.236/.618 Momentum being lost was confirmed below the 6.236 . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
Education
by EuroMotif
OCN-BTC Shows Bull run in Near TermBITTREX:OCNBTC shows massive potential of bull run in a short to mid run on the basis of our studies as carried out by analysing few of the very considerable variables/financial indicators along with project development and OCN'S listings and other significant upcoming events that might affect its price to a little. However we only focus on financial side and sadly OCN has not shown any viable progress in project development in past months but still the coin shows impressive potential to growth aside from all of this OCN is on high buying this week. On the Basis of historical Trend Data Aroon EMA MCAD Elliot Combo Waves analysis Trend based Fibonacci and a major project update in form of DAPPS, recently released under OCDAPP furthermore OCN's policy of monthly snapshot we can clearly witness witness bullish cap coming in which is expected to form between 75-80 sats once this price target has been achieved we are clear to go with more bulls and form a position to accumulate more and more by sensible trading. Our study also also suggests BITTREX:OCNBTC crossing 110 in mid term. its a good coin to HODL and trade with caution. tip: if you keeping a big amount of OCN you must register for OCNP airdrop. Note: This post should not be taken as a trade advice it was posted for educational purposes only. Sometimes you Earn the Other times you Learn.... Happy Trading
OEducation
by CognitoBTC
Surprise! How to use fib correctly. Log fib!In a previous idea I said if it got 50 likes I would post a surprise. I think they don't want you to know... Some people might already know this but I know for a fact the vast majority does not. I hope this does not stop working now that I share it. I have plenty of other strats and if markets evolve and 1 strat stops working I know I'll be the first to evolve so I do not even mind. Now how to draw the log fib? You simply use "Fib channel" and voila. I think it is supposed to be a fib that gets drawn diagonally, but unlike the regular fib it scales with log. So it can be diverted from its main purpose and used this way. Some examples: It looks like the stock market retraces have been more shallow since investors have been telling people to buy & hold. Didn't stop billionaires from being made. On something that went up 10 years, +600%, like gold I am not sure which one is best. On really big moves it has to be the log one obviously. You can only see the top 10% on the linear chart and most of it is too smal because of the exponential rise. Amazon is a good example. I am not saying this works 100% of the time & don't go all in. There are not a whole lot of really large moves so not a huge sample size to work with. Since crypto has no intrisic value and most importantly is highly manipulated I expect this to keep working perfectly until the crypto cow is entirely milked and there is nothing left in. Crypto is still at a 150 billion market cap, at under 25 billion they might think it's not worth their time anymore. Since miners might bail out (I heard they were doing it little by little) and wash trading / ponzi exchanges are going to exit scam, it could only work once more and then suddenly end. Crypto was nice and all when it was only made up of noobs, but in 2017 the sophisticated crowd joined and they are interested in cold hard cash, not imaginary money they won't ever be able to cash out of and transform into real concrete money (since it has negative sum rate & no value). I wish I knew about it earlier and had money to spare. But we almost all have to deal with getting so close to making huge returns and just miss it by a hair. Those that accepted it have been able to move forward, and we can grow (as fast as our mightly lords the regulators that control our lives will allow). Those that are still in denial and cannot accept they missed their chance to buy early / cash out at the top, are stuck and will get milked to the last drop (until crypto is small enough the whales ignore it & they'll keep coming any time it grows). As a conclusion; when you look at really big timeframes / or moves of maybe 1000% in a short time, use the log fib ==> This is how you do it on tradingview. Until next bubble ;)
BITFINEX:BTCUSDEducation
by MrRenev
2
US30 Inverted Head&ShouldersReally simple set up, training your eye to spot these patterns in my opinion is essential for developing consistency with your trades. After seeing the reversal, which using the 1H and especially 4H makes these easier to spot. You can see where the left shoulder has formed, aligning with the right shoulder on the 61.8 level. Other than that, we notice the area was not only previous support, but resistance. This liquidity indicates an interest for movement around this level. The rest is all price action and patience.
TVC:US30Education
by Jmaxfx
GOLD - Daily - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Daily timeframe is looking very clean when it comes to price action. Having formed bearish MACD Divergence between 4th January - 20th Feb, we have since seen this break down on the the lower timeframes. What concerns me about shorting this just now though is the Daily 50 EMA which seems to be propping up price at the region of 1300. This is the same region we had a minor rejection on the Weekly timeframe too. The two red arrows highlight the potential for 2 shoulders, one left and one right, which could be an indication of a bearish Head & Shoulders pattern forming. This adds a lot of confluence to our overall bearish sentiment, and could be the markings of further consolidation which we referred to in the earlier lessons. A double top on the Daily would be a prime signal for a sell-off cascading up the higher timeframes. This may not happen if we see more selling pressure. Let's see what this next week brings! Key Note Head & Shoulders patters can be traded as is or used for overall market sentiment. In their nature, they are consolidation / reversal formations.
FX_IDC:XAUUSDEducation
by robdee4x
DXY - Monthly - Multi-Timeframe Analysis Series 1Continuing with another episode of Multi-Timeframe Analysis Series 1, I'd like to break down the DXY. The DXY being weighted as follows: EUR - 57.6% JPY - 13.6 % GBP - 11.9% CAD - 9.1% SEK - 4.2% CHF - 3.6% As you may imagine, there's a lot more interest in using the DXY for a correlation / confluence tool when trading the EURUSD. The EURO equates to over half of the overall weight of the index, meaning there's a majority interest in the EUR vs USD. We can use this to our advantage, alongside the USDOLLAR INDEX, to add positive or negative trade factors when considering positions across USD pairs and commodities. Comments Looking at the Monthly timeframe we appear to be stalling between the 61.8% retracement of A>B as indicated on the chart. Price is showing high test candles at this level, as well as a potential rolling double top (continuation formation). Given the circumstances of this in its current form, 94.00 could easily be on the cards as we move into the second quarter of 2019. Key Note At time of writing this, it's the current monthly candle cannot be considered an indication of direction just yet as it hasn't fully formed (being the 24th of the month).
TVC:DXYEducation
by robdee4x
3
PKR-USD Chart shows that Pakistani Rupee has massively DeclinedFX_IDC:PKRUSD Chart shows that the relationship between FX_IDC:PKRUSD have gone stronger. PKR has declined massively in past 12 months as per our analysis covering the Tenure of March 2018 to 2019 the period of May to July has shown massive Decline. Perhaps Bailout packages and friendly aid can might help the graph go upwards to a few bars, However the mainstream idea remains bearish against USD as IMF loan approches near we should expect more depreciation to PKR. The chart shows a little potential gains between 0.0071xx and 0.0073xx However it doesn't seems Promising enough to attract investors. Current Oscillators are highly on red side the buying orders for rupee are almost zero and if this trend keeps moving forward in next days we can expect a downard hit to 0.0065xx.. so plan wisely Sometimes you Earn the other times you learn. happy trading
Education
by CognitoBTC
Ordered Chaos: "every Wave born from Impulse". What if Revisited Impulse = strong continuous force for a limited amount of time. When there is a return to Impulse, it is a critical zone to watch. Rejection from, Penetration of, or Traversal through are clues. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. Confluence of 2 is Dependable. Congruence of 3 is Respectable. Coincidence of 4 is Worshipable. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:BTCUSDEducation
by EuroMotif
EURJPY ideaThis one is kinda of a new one for me. The levels are not like always, but have been having some trouble with jpy pairs, so here is to something new. -On the daily, the price has bounced from the 61% fib lvl, leaving us a higher target -The price has been uptrending this days -Bounced from a monthly level -emas crosed bullish I think, that the price might rebound from the next resistance, but if we break it, i think there is a break and retest and posible entry there to get at least to the next resistance. IF the next resistance gets broken i think the same might occur, but if not, i think it might range a bit, but we'll see depending on the price action.
Education
by J_layseca
GBPJPY, short after break retest weekly resistance?After breaking the weekly support of 142.50, we've consolidated below the level for quiet a while now. We've retested 142.50 as resistance for 8 days straight, not able to break, close and stay above it. After breaking to the downside of the consolidation box we now retraced back to the key level since we got positive results from this morning retail sales numbers. On the daily we see the MA's crossing bearish and we got the evening star with it at the resistance level . On the 4H we are now closing to the 61.8 fibonacci level that lies a couple of pips below the key level, making this a very demanding and interesting price for bears. Since we remain and close this week below the weekly resistance I'm only interested in shorting the pair. Might take a position now or wait until market open in Japan session on sunday (since we know it's the retracementfase) for further retracement and wicks to the highs, testing the 71.00 fibonacci level.
Education
by Newplanettrading
Example of FibbyTenths indicator on DOGEBTCI recently put out an indicator entitled "FibbyTenths" and wanted to show a nice example of its usage. Here it is on DOGEBTC on the 1D chart. What are you looking at? Line 1.000 (pink) is a baseline from which all other levels are calculated. To get the 0.618 line (for example)= Baseline * 0.618. Pretty easy. As you can see, there are numerous examples of the price reversing direction from, or rebounding off, the 0.618 and 0.236 lines.
Education
by Quicksilver80
2 BEST-FIT PITCHFORKS CROSSING EACH OTHER + 1 FIBONACCI CLUSTEREURUSD / 15 minutes timeframe / an example of a high-potential reversal zone created by fibonacci based-pitchforks and fibonacci levels. How did I get this? Two best-fit pitchforks (yellow and orange pitchforks) that have their three respective validated hits on their median line, upper parallel and lower parallel were drawn. The Swing Highs and Swing Lows of the pitchforks were also useful in drawing two types of fibonacci levels: extended retracements (1.236 and 1.272 extended retracement in this example) and basic fibonacci levels (0.318 level in this example). This fibonacci levels that are extremely close between each other form what we call a fibonacci cluster (which can be considered as a support and resistance zone). When the 0.382 parallel of the orange pitchfork, the lower parallel of the white pitchfork, the 1.272 and 1.236 extended retracements and 0.318 fibonacci level were extremely close between each other, this created a 3-5 pips high probability turn-around zone for price, which basically means that there was a high probability for price to reverse, which in this example happened. When traders have this type of scenario, they can have a very tight stop loss with this specific timeframe, which allows them to have a great risk-reward ratio if their trade goes well and if their money management system is efficient.
Education
by Henri111