1.Minor retracement 0.382 or less is indication of strength and it point of leg go along with the trend.
2.If retracement exceeds 0.786 is an indication of change in trend .
3.Fibonacci is predictive and not lagging.
4.Fibonacci adapts to volatility and exists in all time frame.
5.Symmetry move- predicts where market may likely to go.Similarity or equality when comparing swings in the same direction. Also called a “measured move.”
6.161.8 should coincide with critical support and resiatance zone (Go against the trend with strict stop loss)
7.If market break through the structure ,123.6 is tagrget (70%)
8.If market break the structure 123.6 ,161.8 is tagrget (50%) -always trade with minimum position
9.Two things happen at 123.6 -Consildation and reversal./consolidate and continuation
10. Take action only if one of the below is available at Fib Ratio
a.Resistance and support
b.pivot
c.Symmetry
d.trendline
11.When RSI rebounds from overbought and oversold region ,it will not touch the same height (at least not immediately.)-slingshot trade
12.At 123.6 /161.8 look for area of confluence of ratio for possibly going against the trend.-Confluence trade
13.Enter a counter trade in death zone ,Buy on dip between 0.50 and Golden Ratio (0.618) stoploss(0.786) -Pullback trade
14. A corrective pattern than can appear after either a bull or bear trend.
Completion of the pattern generally signals resumption of the trend. Also known as an
ABC correction or a Gartley pattern (an ABC correction with very speciļ¬c Fibonacci
ratios). Called “two-step” because it has two swings against the prevailing trend.-Two-step pattern
2.If retracement exceeds 0.786 is an indication of change in trend .
3.Fibonacci is predictive and not lagging.
4.Fibonacci adapts to volatility and exists in all time frame.
5.Symmetry move- predicts where market may likely to go.Similarity or equality when comparing swings in the same direction. Also called a “measured move.”
6.161.8 should coincide with critical support and resiatance zone (Go against the trend with strict stop loss)
7.If market break through the structure ,123.6 is tagrget (70%)
8.If market break the structure 123.6 ,161.8 is tagrget (50%) -always trade with minimum position
9.Two things happen at 123.6 -Consildation and reversal./consolidate and continuation
10. Take action only if one of the below is available at Fib Ratio
a.Resistance and support
b.pivot
c.Symmetry
d.trendline
11.When RSI rebounds from overbought and oversold region ,it will not touch the same height (at least not immediately.)-slingshot trade
12.At 123.6 /161.8 look for area of confluence of ratio for possibly going against the trend.-Confluence trade
13.Enter a counter trade in death zone ,Buy on dip between 0.50 and Golden Ratio (0.618) stoploss(0.786) -Pullback trade
14. A corrective pattern than can appear after either a bull or bear trend.
Completion of the pattern generally signals resumption of the trend. Also known as an
ABC correction or a Gartley pattern (an ABC correction with very speciļ¬c Fibonacci
ratios). Called “two-step” because it has two swings against the prevailing trend.-Two-step pattern
 |
Two step pattern         |
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