SPX And Fibonacci Time Zones Predictive Power
This chart shows evidence that Fibonacci Time Zones tool is able to indicate crucial turning points in market move. It is perfect for timing your trades.
The projection based on 2010 market bottom successfully predicted some of the buying or selling moments trough that year. Second time zone (the Fibbo line with number 2) coincided with market reversal of Sept 2010. Next time zone (3) was not so strong in changing the market direction, but Fourth Zone (Fibbo line 5) again predicted market bottom in Dec 2010. Fifth zone (Fibbo line 8) perfectly matched the Feb 18th 2011 market peak.
The projection based on 2010 market bottom successfully predicted some of the buying or selling moments trough that year. Second time zone (the Fibbo line with number 2) coincided with market reversal of Sept 2010. Next time zone (3) was not so strong in changing the market direction, but Fourth Zone (Fibbo line 5) again predicted market bottom in Dec 2010. Fifth zone (Fibbo line 8) perfectly matched the Feb 18th 2011 market peak.
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