Fr33zerPop

Fr33zerPop

I think we're seeing the start of a new down-turn. If we break above my purple fib line (6), I'm expecting more growth, but I think the more likely scenario is that this current uptrend recovery has exhausted itself. Investors are no more confident than they were a week ago--and are now rattled and gun-shy. I'm targeting another leg down to the 1930 area.

Fr33zerPop

I'm not very optimistic about the long-term outlook of the DJY0, but with it's close almost exactly on the .618 after the first down-pulse, I wouldn't be surprised if it takes a dead-cat breather up to the .382 before reconsidering it's demise.

Fr33zerPop

If we use the (orange) .236 to encapsulate this down trend (just like we used in the long up-trend) an alternative scenario appears: The fib lines may suggest is that gold rebounds greatly this next week, closing positive around 1190 for the month.

Fr33zerPop

As we fine-tune our analysis using the Fib Speed Resistance Fan, it appears as though we're on the cusp of a major change. Closes below the purple .382 line suggest we'll see much continuation of the down trend (orange arrow), but a push beyond the downtrend's .382 (green arrow) suggests that gold has dug it's way out of it's slump. I'd be interested in comments...

Fr33zerPop

Statistically, I'm hoping the close above the .382 gives us a bit more move up. I'll consider the main move over when it closes below that purple .382 line.

Fr33zerPop

I tend to think we're going to see another leg up, but from my study here, it could really go either way. I'll let the Fib Speed Resistance Fan dictate. I like to wait for a confirming close beyond the .114 to help with my decisions.

Fr33zerPop

Gold has had a significant breakdown, but now that it sits on an old 0.114 line, the monthly close may be a better indicator of what's to come. This line may prove to support a rebound, but a monthly close below it will give me reason to watch for gold to trend lower.

Fr33zerPop

From the M5 perspective, we don't yet have a lot of movement. But we're bouncing up against the .382 from the hourly chart. If the price action stays above that .114 and begins moving to the right of the hourly's .382, I'm taking that as a signal that the recent down trend is complete for now, and I should take some profits. A break below this .114 may trigger a...

Fr33zerPop

I'm watching this next close to see if we'll likely see an continuation of the down trend, or if it's time to take profits.

Fr33zerPop

I'm using a Fib Speed Resistance fan to anticipate a hopeful downtrend in AAPL over the next day or so. Once we have a retracement, I'll try to anticipate the end of the move.

Fr33zerPop

This is a study of using the Fib Speed Resistance Fan to time a new breakout of gold price action. Fans of fib fans, I'd love to hear your thoughts. (Retrospective study. I did not trade this)

Fr33zerPop

This is a study of how I like to use the Fibonacci Speed Resistance Fan to help predict future price movement*. While it's not difficult to notice the strong connection between the fan and price movement, turning that into something tradable can be much more of a challenge. Although there are undoubtably many opportunities, this study focuses on two potentially...

Fr33zerPop

Hoping for a retrace down to long term fib line for long using the confluence of multiple timeframes.

Fr33zerPop

I'm hoping this confluence of fib lines creates a buy opportunity.

Fr33zerPop

I'm watching to see gold fall to at least 1140. See chart notes.

Fr33zerPop

Frequent bounces off the lower channel lines suggests that gold may do it again, in it's hike out of it's low in November.

Fr33zerPop

112.70 and 116.43 look like good bounce points on Gold's new efforts to climb out of it's decline. The Fibonacci confluence of the .25 line helps support the areas of new potential support.

Fr33zerPop

I see channels forming when the lows-to-highs create parallel Fibonacci lines that extend out. The Fib Speed Resistance Fan was used in this illustration.