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618retracement

From Leonardo to Trading: The Evolution of Fibonacci LevelsIn the labyrinthine landscape of financial markets, where volatility reigns supreme and uncertainty lurks around every corner, traders seek reliable navigational tools to steer through the tumultuous waters of price movements. Among the myriad techniques at their disposal, Fibonacci analysis emerges as a stalwart companion, offering a nuanced understanding of market dynamics rooted in mathematical precision. In this comprehensive exploration, we delve deep into the multifaceted realm of Fibonacci levels, unraveling their historical significance, evolutionary trajectory, practical applications, and the diverse perspectives that shape their interpretation. Tracing the Roots: To appreciate the profound impact of Fibonacci analysis on modern trading methodologies, a journey back in time to the 13th century is warranted. It was during this epoch that Leonardo of Pisa, known colloquially as Fibonacci, unveiled a numerical sequence that would transcend mathematical realms and find profound resonance in the domain of financial markets. Beginning with 0 and 1, each subsequent number in the sequence is the sum of the two preceding ones, laying the groundwork for a sophisticated understanding of market movements rooted in the natural order of mathematics. Evolution in Financial Analysis: While Fibonacci himself might not have envisaged the application of his sequence in financial markets, the 20th century witnessed a paradigm shift as visionaries such as Ralph Elliott and Robert Prechter pioneered its integration into trading methodologies. Elliott's Wave Theory, with its emphasis on repeating patterns and sequences, forged an intriguing connection with Fibonacci numbers, laying the groundwork for a symbiotic relationship between mathematical principles and market analysis. This union catalyzed a renaissance in technical analysis, ushering in an era where Fibonacci levels became indispensable tools in the arsenal of traders worldwide. Unveiling Fibonacci Retracement Levels: At the heart of Fibonacci analysis lies the concept of retracement levels, a cornerstone of technical analysis that echoes the natural order observed in the Fibonacci sequence. These levels, including 23.6%, 38.2%, 50%, and 61.8%, serve as pivotal markers in identifying potential zones of price reversal, offering traders valuable insights into market sentiment and trend dynamics. By applying the Fibonacci retracement tool to significant highs and lows, traders gain a nuanced understanding of market psychology, discerning the underlying rhythm of price movements amidst the chaos of market fluctuations. Venturing into Fibonacci Extension Levels: Beyond retracement levels, Fibonacci extension levels offer a panoramic vista into the future trajectory of price movements, illuminating the path for traders seeking to navigate the complexities of trending markets. With extensions such as 161.8%, 261.8%, and 423.6%, traders can delineate potential targets for price continuation after a correction, harnessing the mathematical harmony inherent in the Golden Ratio to set profit targets and manage risk effectively. These extension levels, rooted in the timeless principles of Fibonacci analysis, serve as guiding beacons for traders navigating the ever-shifting tides of financial markets. Practical Applications and Precautions: While Fibonacci levels furnish traders with a potent framework for analysis, it is essential to exercise caution and supplement Fibonacci analysis with corroborating indicators and risk management strategies. By integrating tools such as Moving Averages, Relative Strength Index, and candlestick patterns, traders can enhance the robustness of their trading decisions, mitigating the inherent uncertainties of financial markets and maximizing the efficacy of Fibonacci analysis. A Tapestry of Perspectives: As we reflect on the journey of Fibonacci levels through the annals of financial history, we encounter a tapestry of perspectives that weave together to form a rich tapestry of knowledge and insight. From Larry Pesavento's exploration of harmonic price patterns to Philip Carret's pioneering work in long-term investing, the legacy of Fibonacci continues to inspire and guide traders in their quest for market mastery. These diverse perspectives underscore the enduring relevance of Fibonacci analysis in an ever-changing landscape, reaffirming its status as a timeless ally in the pursuit of profit and prosperity. Conclusion: In conclusion, the comprehensive exploration of Fibonacci analysis reveals its enduring significance as a cornerstone of technical analysis in financial markets. From its humble origins in the mathematical treatises of Leonardo of Pisa to its integration into modern trading methodologies, Fibonacci analysis embodies the timeless principles of mathematical harmony and market psychology. As traders navigate the labyrinthine paths of price movements, they find solace in the elegant simplicity of Fibonacci analysis, a steadfast companion in their quest for success amidst the ever-shifting currents of financial markets. Thank you for reading! I hope this article proves to be interesting for all of you!
Education
by FOREXN1
4
TSLA: Neutral to Slightly Bullish Next Two WeeksHappy New Year everyone! This short video explains the technical view for TSLA as we start 2024. From a technical standpoint alone, its difficult to be wildly bullish or bearish right now. There may be other fundamental or macro reasons to take a more bullish or bearish view in the intermediate to long term. In short, neutral to slightly bullish makes sense over the next couple weeks for this stock. Best of luck! ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:TSLALong
by SquishTrade
8
Bitcoin Move up to 44.3-44.5kHey Traders, As you can see on the Daily Chart of Bitcoin (BTC). The price action has formed a falling wedge. The Elliot wave count shows that the breakout is imminent. The ema's are for decoration. We have hard resistance right now because not only is it a trend- line but there is also the orange basis ema of the daily Bollinger band in the same spot. Additionally, the MACD histogram will flip green soon indicating an uptrend! But expect a retracement up to the golden pocket near 44k! Safe Trading, -Pulkanator
Long
by Pulkanatir
$SQ BLOCK weekly 0.618 bounce????? $SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks like to SINK into support so could trade slightly below 200ma for a bit but not much lower IMO if sell momentum continues worse case is $87
NYSE:XYZLong
by bmoneytree
$STRN – SI 59%Stran & Company, Inc. provides outsourced marketing solutions. It offers clients custom sourcing services; and e-commerce solutions for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral and event assets, order and inventory management, designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings. The company also provides creative and merchandising services; warehousing/fulfillment and distribution; print-on-demand services; kitting services; point of sale displays; and loyalty and incentive programs. Stran & Company, Inc. was founded in 1994 and is based in Quincy, Massachusetts.
SLong
by BADQOMOCAWGOWLD
AUDNZD: Bearish Pullback R/R 2.34 Analysis of #AUDNZD Welcome back Traders, Investors and Community. Please help us support this idea by hitting the LIKE button if you have found this useful. Follow me if you would receive daily Ideas and Updates. I'll appreciate it. *** Strategy: Pullback on 61.8 Fibo with the continuation of the bearish channel. R/R 2.34 with Stop at 88.60 or R/R 1.65 with a stop at 100. - A clear chart is always the best business card for any trader. *** - The information given is not Financial Advice. I really appreciate your support and feedback Thank you for your time. Regards, Walter
Short
by FOREXN1
SPX To Retest Highs From Early June At .618 Fib Level To Go LongWe've seen a steady increas of SPX (S&P500) Over the last few weeks, This particular level is of great interest as it not only retests the highs from early June and is less than 20 pips from the 618 level of the fib retracement of the most recent higher high and higher low. All whilst still following the channel. If this comes to fruition, we could see a steady climb back of domincance in the SPX/S&P. Added Plus: President Trump speaks today after market close so we could see this news push it in the direction intended for these purposes. Really keep an eye out on this one. A lot will ride on it.
OANDA:SPX500USDLong
by BodiesXWix
USOIL Golden ShortGood day, snipers. Here in the USOIL, we can see that price is at the Golden Zone, the 61.8 Fib Level and is also a key area of resistance. Price is also in an overall downtrend so, I would be looking for shorts only. We just have to wait for a bearish signal like a candlestick pattern to confirm that the bears have stepped in. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
TVC:USOILShort
by SniperFXFree
A potential change for EURUSD*All analysis for this was completed on the 4H time frame* Drew my fib levels from HL to HH of the bullish push. The bearish momentum over those past two days from EU seems to possibly be consolidating in the 61.8 fib region of the chart, noticing this allowed me to see the potential bullish Trend line off the 61.8 fib level. However, this could also be a continuation of the bearish swing which I imagine to continue until 1.07600 overall. But this is just an idea put in place if a retrace does occur at this key level.
Long
by niamh-forex
1
How to profit 27% using just the 618 & tweezersIn forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two extreme points on a chart and dividing the vertical distance by the key Fibonacci ratios. 0.0% is considered to be the start of the retracement, while 100.0% is a complete reversal to the original part of the move. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels The following is a list of key Fibonacci retracement levels to look out for: Retracement level: 38.2% Fast and aggressive pullback bounce. Retracement level: 50% Medium pullback bounce. Retracement level: 61.8% Golden Number pullback bounce. Retracement level: 78.6% Stop-loss level to be placed, 10 PIPs. Extension levels: -61.8% and -27% Target area for trend continuation. 23:42:21 (UTC) Wed Jan 1, 2020 Alchemy FX shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. This website and its email are not a solicitation to buy or sell currency. Any opinions, news, research, analysis, prices, trade discussions, or other information contained on this website are educational in nature and merely provided as a presentation of trading strategies. Commentaries made on this website reflect our own opinions and trading techniques and do not constitute investment advice.
FX:USOIL
by TayFx
1
Power of Phi: We banked +37%!In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two extreme points on a chart and dividing the vertical distance by the key Fibonacci ratios. 0.0% is considered to be the start of the retracement, while 100.0% is a complete reversal to the original part of the move. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels The following is a list of key Fibonacci retracement levels to look out for: Retracement level: 38.2% Fast and aggressive pullback bounce. Retracement level: 50% Medium pullback bounce. Retracement level: 61.8% Golden Number pullback bounce. Retracement level: 78.6% Stop-loss level to be placed, 10 PIPs. Extension levels: -61.8% and -27% Target area for trend continuation. Copyright 2019 © Alchemy FX All rights reserved. No part of this book may be reproduced or used in any manner without written permission of the copyright owners except for the use of quotations in a book review.
FX:USOIL
by UnknownUnicorn3442968