Golden Ratio on Any Chart - Interesting Results
Notice how the following numbers are resistance and support. Breakdown any stock using the fibonacci retracement tool and start at zero to a number listed below that is above the all time high of the stock. Notice how the 23%, 38% and 61% will match one of the numbers on this list. Now apply fibonacci retracement tool in between any of these percentages and you will again find key levels. Break it down again and again to find key levels for lower time frames.
I'm fairly new to technical analysis , so I don't know if this helps. Any comments?
1.61803398874989000000
X
0.00118624128964227000
0.00191937872549970000
0.00310562001514197000
0.00502499874064165000
0.00813061875578358000
0.01315561749642520000
0.02128623625220870000
0.03444185374863370000
0.05572809000084210000
0.09016994374947550000
0.14589803375031700000
0.23606797749979100000
0.38196601125010700000
0.61803398874989600000
0.99999999999999900000
1.61803398874989000000
2.61803398874988000000
4.23606797749975000000
6.85410196624959000000
11.09016994374930000000
17.94427190999880000000
29.03444185374800000000
46.97871376374660000000
76.01315561749430000000
122.99186938124000000000
199.00502499873400000000
321.99689437997300000000
521.00191937870500000000
842.99881375867400000000
1364.00073313737000000000
2206.99954689604000000000
3571.00028003340000000000
5777.99982692941000000000
9349.00010696277000000000
I'm fairly new to technical analysis , so I don't know if this helps. Any comments?
1.61803398874989000000
X
0.00118624128964227000
0.00191937872549970000
0.00310562001514197000
0.00502499874064165000
0.00813061875578358000
0.01315561749642520000
0.02128623625220870000
0.03444185374863370000
0.05572809000084210000
0.09016994374947550000
0.14589803375031700000
0.23606797749979100000
0.38196601125010700000
0.61803398874989600000
0.99999999999999900000
1.61803398874989000000
2.61803398874988000000
4.23606797749975000000
6.85410196624959000000
11.09016994374930000000
17.94427190999880000000
29.03444185374800000000
46.97871376374660000000
76.01315561749430000000
122.99186938124000000000
199.00502499873400000000
321.99689437997300000000
521.00191937870500000000
842.99881375867400000000
1364.00073313737000000000
2206.99954689604000000000
3571.00028003340000000000
5777.99982692941000000000
9349.00010696277000000000
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.