Between stimulus and response lies our freedom to choose -steven covey
Nothing is stopping you from what you wanted to be ,its you
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 .(use to place stops)
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.
6.161.8 should coincide with critical support and resiatance zone (Go against the trend)
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
1.Resistance and support
2.pivot
3.Symmetry
4.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 posibly 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.AB=CD
The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD, the C point must retrace to either a 0.618 or 0.786. This retracement sets up the BC projection that should converge at the completion of the AB=CD and be either a 1.27 or 1.618. It is important to note that a .618 retracement at the C point will result in a 1.618 BC projection. A .786 retracement at the C point will result in a 1.27 projection.
15.Alternate AB=CD
Potential Reversal Zones (PRZ) are defined by
AB=CD
1.27AB=CD
1.618AB=CD
16.Gartley Pattern
The above Gartley example shows an uptrend XA with a price reversal at A. Using Fibonacci ratios, the retracement AB should be 61.8% of the price range A minus X, as shown by line XB. At B, the price reverses again. Ideally, retracement BC should be between 61.8% and 78.6% of the AB price range, not the length of the lines, and is shown along the line AC. At C, the price again reverses with retracement CD between 127% and 161.8% of the range BC and is shown along the line BD. Price D is the point to buy/sell (bullish/bearish Gartley pattern) as the price is about to increase/decrease.
Nothing is stopping you from what you wanted to be ,its you
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 .(use to place stops)
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.
6.161.8 should coincide with critical support and resiatance zone (Go against the trend)
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
1.Resistance and support
2.pivot
3.Symmetry
4.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 posibly 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.AB=CD
The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD, the C point must retrace to either a 0.618 or 0.786. This retracement sets up the BC projection that should converge at the completion of the AB=CD and be either a 1.27 or 1.618. It is important to note that a .618 retracement at the C point will result in a 1.618 BC projection. A .786 retracement at the C point will result in a 1.27 projection.
15.Alternate AB=CD
Potential Reversal Zones (PRZ) are defined by
AB=CD
1.27AB=CD
1.618AB=CD
16.Gartley Pattern
The above Gartley example shows an uptrend XA with a price reversal at A. Using Fibonacci ratios, the retracement AB should be 61.8% of the price range A minus X, as shown by line XB. At B, the price reverses again. Ideally, retracement BC should be between 61.8% and 78.6% of the AB price range, not the length of the lines, and is shown along the line AC. At C, the price again reverses with retracement CD between 127% and 161.8% of the range BC and is shown along the line BD. Price D is the point to buy/sell (bullish/bearish Gartley pattern) as the price is about to increase/decrease.
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