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Fibonnacci

A 10 years experimental outlook for DOW JONES INDUSTRIAL AVERAGEHi, everyone. Currently i'm learning Gann's method on annual forecasting. But, i'll tried it to make it 10 years further. It's so hard to find his documentation on his techniques, so i may be wrong. Everyone who see this post, live in a little bit more than 50% of major 60 years cycle like 1929 and 1869. So, the next cycle would be around 2049 But if this was correct, i can see that there is no crashes until January 2026. and you should thank me and Gann later for inventing this useful manual technique. But if this was completely wrong or not correct at all, it's definitely my fault..cause i still know nothing...so please don't hate me. I use a combination of machine learning algorithm named Learning Vector Quantization , this algo is supervised learning which i set the dataset from 2010 (after last crash), and EMA 21/34/90 to filter out the trend. In combo with that, i also use a time series model based on financial astrology as how Gann's did in the past. In this case, i don't use Gann angle because it is very effortful, so there will be a 1 or 2 bars different each swing. Using gann's angle provide more accuracy of how the price will go, but it took a lot of time. So, because i'm predicting 10 years further i'm not gonna using it this time. Yeah, so that's where all of my prediction comes from. Hope you explore more, so you'll realize how cyclical the market is. Cheers, H. Haidar PLEASE REMEMBER THAT I COULD BE WRONG, OKAY. SO YOU DONT BLAME ME FOR YOUR TRADING DECISION
TVC:DJILong
by sigmaCEO
Fibonacci RetracementFibonacci retracement is a technical analysis tool to identify potential support and resistance levels in financial markets. The tool is based on the Fibonacci series, a mathematical sequence of numbers where each is the sum of the previous two numbers. The origin of the Fibonacci sequence goes back to ancient India and the study of Sanskrit prosody. However, the series is named after Italian mathematician Leonardo Fibonacci, who introduced the sequence to the West in his book Liber Abaci, published in 1202. In contrast, the Fibonacci retracement was first used in financial markets in the 1930s. . Ralph Nelson Elliott, the famous trader, developed the Elliott wave theory. Elliott believed that market movements can be divided into waves, each with a characteristic pattern. Elliott noticed that certain retracement levels based on the Fibonacci sequence tended to act as support or resistance levels in the market. In particular, he called the levels 38.2%, 50%, and 61.8% the most important. Since then, the Fibonacci retracement has become widely used in technical analysis and is included in many trading platforms and charting programs. Traders use it to identify potential support and resistance levels and determine trades' entry and exit points. Fibonacci retracement is a popular tool among technical analysts and traders and has many uses in financial markets. Here are some common uses of Fibonacci retracement: Identifying potential support and resistance levels: The 38.2%, 50%, and 61.8% levels are often used as potential support and resistance levels in the market. When a price trend occurs, traders often consider these levels potential turning points. Identifying Entry and Exit Points: Traders often use Fibonacci retracement levels to identify potential entry and exit points for trades. For example, a trader can enter a long position on a stock when the price returns to the 50% level after a previous uptrend and then place a stop loss just below the 61.8% level. Trend Direction Confirmation: By analyzing Fibonacci retracement levels, traders can confirm the price trend direction. If the tracking levels align with the trend's direction, this can be a sign that the trend is likely to continue. Giving Price Targets: Fibonacci retracement can also be used to identify potential price targets for a trend. Traders often look for the 161.8% and 261.8% levels as possible targets for the trend when the price crosses the 100% retracement level. Summary with other technical analysis tools: Traders often use Fibonacci retracement levels in conjunction with other technical analysis tools, such as moving averages or trend lines, to strengthen trading signals and increase the probability of a successful trade. Fibonacci retracement is a widely used tool with advantages and disadvantages in technical analysis. Here are some of the main advantages and disadvantages of using Fibonacci retracement: Advantages: 1. Identifies potential support and resistance levels: Fibonacci retracement can be used to identify potential support and resistance levels, which is important for traders to identify a potential reversal. . . points in the price trend. 2. Ease of use: Fibonacci retracement is easy to use and can be applied to many financial instruments. It is readily available in most mapping software and trading platforms. It can be customized to meet the needs of individual traders. 3. Widely used: Fibonacci retracement is widely used in technical analysis and is well-known among traders and analysts. This facilitates interpretation and application in different market conditions. Cons: 1. Not always accurate: Fibonacci retracement is imperfect, and its accuracy may vary depending on the market area and period analyzed. Traders should use it with other technical analysis tools to confirm signals and reduce the risk of false signals. 2. Subjective: Like many technical analysis tools, Fibonacci retracement is quite subjective, and traders can interpret levels differently. This can lead to different business decisions and results. 3. Can be overused: Some traders may rely too much on the Fibonacci retracement method and use it as the basis for their trading decisions. This can be risky because only some tools can provide all the information needed for successful trading. Investors should use the Fibonacci retracement as part of a broader trading strategy that includes multiple indicators and factors. There are several important factors to consider when using Fibonacci retracement: 1. Choosing the appropriate pivot points: To use the Fibonacci retracement, traders must identify the appropriate swing points to calculate the level. These swing points should be significant highs and lows in the price trend and should be selected based on the analyzed time frame. 2. Understanding Levels: Traders should understand Fibonacci-rich levels and what they represent. The 38.2%, 50%, and 61.8% levels are the most commonly used and considered potential support and resistance levels. 3. Using Fibonacci retracement with other indicators: Investors should use Fibonacci retracement with other technical analysis tools, such as moving averages or trend lines, to strengthen signals and increase the probability of a successful trade. 4. Adaptation to market conditions: The accuracy of Fibonacci retracement levels can vary according to the specific market area and the period under analysis. Traders must be prepared to adjust levels based on changing market conditions and adjust their trading strategy accordingly. 5. Risk Management: As with any trading strategy, traders should properly manage their risks using the Fibonacci retracement. This may include setting stop orders at appropriate levels or limiting position sizes to minimize the impact of potential losses. Fibonacci retracements are widely used in technical analysis. Still, there are also some alternative tools that traders can use to analyze the market. Moving Averages: Moving averages are commonly used technical analysis tools that help traders identify trends and potential entry and exit points. Bollinger Bands: Bollinger Bands is a technical indicator that helps traders identify potential support and resistance levels. Ichimoku Cloud: The Ichimoku Cloud is a technical indicator that helps traders identify trends, momentum, and potential support and resistance levels. Elliott Wave Theory: Elliott Wave Theory is a technical analysis tool that helps traders identify trends and potential entry and exit points. It is based on the idea that the market moves in a series of waves and can be used on different timeframes. Thanks for reading this. What do you think the pros and cons are? Do you think I missed something? Let us know your ideas. Good luck.
Education
by MonoCoinSignal
14
FLOKIUSDT retest of the triangle pattern and more range 📖💡🚀Hello 🐋 Based on the chart, the price is in the parallel channel close to the triangle support (previous triangle resistance area ) and new volume recognize for the price, and it is close to the Fibonacci support level ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 👌 Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
1
BTC/USD analysis - price actionbased on previous view, I traded the level but on a random price to check if the zone works perfectly. Seems that zones work perfect only if it is meeting certain conditions. checking levels on bigger charts gives more clear view on your investment. Fib retracement on extra candles actually worked which-means having more candle in your area makes your trades more perfect. I will also start adding videos with other indicators in coming sessions.
BITSTAMP:BTCUSDLong
by Ethical_Bear
Gold short towards $1830 and $1825Xauusd price fell below $1850 on Wednesday. Currently pressured near $1836 gold may fall to test $1830 and $1825 demand zones from January 5 2023. The strong US dollar drive flows away from gold price and is near multi week high with high expectations from the Fed. A recapture of $1850 and $1860 zones are essential for the commodity otherwise the fall below $1825 can be expected. Long term trend is bullish but currently gold is experiencing correction phase.
OANDA:XAUUSDShort
by GOLDPIPSMAKER
2
XRP - I CAN HAZ GARTLEY NOW?Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh? As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points : XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly thereafter All the market-wide carnage from bankruptcies, fraudsters, SEC and regulatory uncertainty has clearly NOT yet fully manifested All "relief rallies" must come to an end and The Bear is NOT over (imho) So we've def got a Gartley now, no question and there looks to be a Wyckoff distribution painted on the chart here. I personally just stick to Fibs and Forks for my placements and use DCA always to hedge and minimize risks with the following portfolio objectives : 1. Take scalps 2. Increase holdings 3. keep portfolio "in profit" at all times using shorts to hedge against high probability down moves So that's it folks, hope you stay in the green and as always, not investment advice here, we still have a date with the 0.10 cent range :) ~ Box
by FudBox
3
LOOKING AT CANADIAN DOLLAR STRENGHT FOR THE REST OF 2023!We're looking to see a resumption of the bull run on the CAD INDEX as price is currently completing the second wave of the 3rd leg. A break of the red counter trend line on the weekly timeframe will give us a confirmation that wave 3 is about to begin. It is important to know that the CAD INDEX is not a tradable pair but can be used a guide to trade CAD crosses. A strong CAD INDEX will give us an indication to look for sells on cad crosses and vice versa. It is also key to note that this analysis is done on the weekly timeframe and will take a very long time to play out. Disclaimer: This is not a trading signal or investment advice. Let me know what you think in the comments. You can support by liking and sharing.
Long
by akumjoel
GBP/USD short positions?FX:GBPUSD English: Hey Traders,At the GBP/USD chart, we can observe that it has formed new lows and started a slight downtrend. There is a significant resistance zone at 1.24000, which has been attempted to break more than four times without success. I am seeking a move back to the 61.80% fib level and will consider taking a short position if the dollar remains strong. There are crucial news releases tomorrow, so exercise caution when trading at this time. Deutsch: Am GBP/USD-Chart können wir beobachten, dass es neue Tiefststände gebildet hat und einen leichten Abwärtstrend begonnen hat. Es gibt eine bedeutende Widerstandszone bei 1,24000, die bereits mehr als viermal erfolglos versucht wurde zu durchbrechen. Ich suche nach einer Rückkehr zum 61,80% Fib-Level und werde eine kurze Position in Betracht ziehen, wenn der Dollar stark bleibt. Es gibt wichtige Nachrichtenveröffentlichungen morgen, also seien Sie beim Trading in dieser Zeit vorsichtig.
Short
by ElliotXSolana
BEARISH Bitcoin Idea ( may not happen but....)Bitcoin Weekly chart The Vertical Red lines are Fib Time Zones and these ones are Bearish PA got Rejection off every one and the next one is on week of 2nd Jan which also intersects with the 4.618 Fib circle, As you can see, Previous 618's have also caused Rejection though PA may have descended before hitting the 3.618 End od Dec, Beginning of Jan has many charts pointing towards something happening but as we all know, predicting PA is often foolish I do have Bullish charts also but mostly from projections using Fractels..... Be ready to react is the only thing I will say Apart from Happy Christmas and a Merry New Year...I think BTC will recover in '23
BITSTAMP:BTCUSD
by Orriginal
1
Some simple DCA idea. Maybe a bit better than the average one ?Hello, everyone. This is my first idea, so please pardon me if anything goes wrong. With the bear knocking at the door a while ago, it seems that everything goes down. So maybe we should embrace the investor side ... The boring but rewarding path. On bear markets, everyone accumulates. The DCA it seems a viable option, as they say : "Time in the market beats timing the market". We could DCA by volume profile, Fibonacci retracements, or several other techniques. But why going so "complex" when we can make everything simple ? On Crypto, it's tested that we will see at least 6 consecutive "30% drops" after the latest "30% drop", if not even more. Influenced on this idea by our regretted mathematician, Mr. Fibo ... And applying it to the charts, I just have a new indicator with an embedded strategy inside. In order to do everything right , I am asking the community to give me feedback. And if there is a real demand for my creation, I will respond accordingly :) The questions will be : 1. Do you think this strategy will bring you profits ? If so, do you want to try my indicator for easier backtesting ? 2. How useful do you think it will be a trading automation website, to be launched in 2023 ? Dedicated to Risk/Reward ratio trades, but also containing this idea ? I am humbly awaiting your response, so ... Let's help each other ! Best regards, Ionuț
Education
by dogaruionut1993
3
RLinda ! EURUSD-> Trend change or correction? EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed. In the chart, we see a break-down of the base support at 1.02692, which was also the base for the H&S pattern. Ahead is the level of 0.618, from which a pullback might follow, and if the price makes a false-break of the upper boundary of the channel, there is a chance to see the continuation of strengthening of the euro. But in case of breakdown of the key area and consolidation of the price under the channel resistance, the price may fall to support 0.9926. Regards R. Linda!
by RLinda
13