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Fibfans

ES1! - Macro - Medium to Long Term Bias 0.75 Fib Fan is a support and a resistance. All the lines in Grey, are interesting but the lines in color (colour) have significance to current time frames and price action. Fib fan drawn from past Monday 8 Feb 2016 to 18 Feb 2020. Low 1802.50 to high 3397.5 18 Feb. 0.75 Speed Fan seems to have been a support. Update to come. Confluence with Fib Fan drawn on recent low and high. Possible Shark Harmonic on play. Having trouble with the detail. Rough sketch for now.
CME_MINI:ES1!
by hmaroudas
ES1! - Macro Technical Analysis - Work in ProgressWork in progress moderators. Step 1 : Support 1. 1. Speed resistance fan drawn from monday 8 Feb 2016 to high 18 feb 2020. Support at 0.75 fib low 23 March 2020. 1.2. Speed resistance fan drawn from 23 March 2020 low to swing high (recent) Monday 10 jan 2022. Possible support at 0.75 speed fan. Step 2: Resistance 2.1. Trend based extension from low monday 8 Feb 2016 to swing high at Monday 5th Feb 2018 to low (this is my problem for the next move current, understanding this low) aon monday 24 December 2018. 1:1 extension at 3,401. 2.2. Trend based extension from low monday 23 March 2020 to swing high at monday 31 August 2020 to low Monday 21 September 2020 gives a top of 4,617. Point 2.2. Leaves an indifference of 5%. For now. Leaving it at that. Something is wrong. Just putting this out there as an idea for ES1!.
CME_MINI:ES1!
by hmaroudas
ETH Rejected by the 0.382 Fib Fan Resist I am analyzing the daily here, so I will focus on a large price range and explain what I will be looking for to guide me in the upcoming days/weeks. I will only talk about the Fib Speed Resist and some simple support ranges and levels that I quickly added, so they are not extremely precise, but the ranges are fine. I just wanted to share the Fib lines publicly because they always fascinate me. Here I highlighted the areas along the 0.382 Fib speed resist line, which acted as resistance on the way up to the ATH, and areas that acted as support on the way down. We found ourselves fighting this same line during the recent rally. The resistance of this line and the 4k area, among other things, has led to a massive rejection causing uncertainty in the market today. I will become more bearish if the market doesn't make a strong bullish move to the upside in the next 24 hours. If we don't see a nice recovery in the next day or two, all we can do is hold on for the ride. If the 2.9-3.3k support area is broken, I would look for support in the low 2.6ks or somewhere along the 0.5 Fib resist line highlighted in the rectangle. Last, if that support fails to hold, we could easily see the 1.7-1.8k area tested again. For the bulls reading this, if we see continuing attempts to break the resistance of the 0.382 Fib and hold above the 0.5 Fib as we saw in Nov/Dec of last year (also highlighted), we will be well on our way to some juicy gains for ETH. Good Luck! I wish a prosperous future for you all.
by PureHopiumTrader
fibonacci extensions / retracements - how to and where to applyFibonacci tools are in general a method of technical analysis for determining probable support and resistance levels calculated using ratios (23.6%, 38.2%, 61.8%, and 78.6%) that are derived from Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, …). Fibonacci levels are presented in variety of forums, such as horizontal lines, vertical lines, trend channels , fans , arcs, circles, even a spiral. Fibonacci levels also arise in other ways within technical analysis, for example, one of the best known and widely used Elliott Wave theory In this article we will have a closer look to Fibonacci Extensions and Fibonacci Retracements Fibonacci Retracement and Fibonacci Extension levels are in the form of horizontal lines and are calculated in almost similar manner with slight difference. Even tough they look like similar to each other they are quite different and serve for different purpose.   👉 Fibonacci retracement levels indicate how deep a retracement could be, that is, aims to measure the pullbacks within a trend   👉 Fibonacci extension levels indicate how far the next price wave could move following a pullback, that is, aims to measure the impulse waves in the direction of the trend How to apply Fibonacci Retracement and Fibonacci Extension These levels should not be relied on exclusively,Reversals can be confirmed with candlesticks, momentum indicators, volume or chart patterns. Here are the links of educational posts and indicator versions of the Fibonacci Tools that I made, you are kindly invited to check Auto Fib Channels, besides Auto Fib Channels this study include Auto Fib Retracement, Auto Fib Extension and Auto ZigZag indicator Auto Pitchfork, is advised due to its similarities with Auto Fib Channels and also it includes Auto Fib Retracement and Auto ZigZag indicator Auto Fib Speed and Resistance Fans, is an important tool to identify probable support and resistance and especially a powerful tool to identify reversals and retracement levels. The study presents an alternative approach of drawing the fans which enables a visualization quite similar to Gann Box. Auto Fib Retracement and Auto ZigZag indicator is also available Related educational posts that presents a quick guide of the drawing tools as well as introductions for their automatic indicator versions how to apply pitchfork and auto pitchfork study : how to apply fibonacci fans and auto FibFans study : how to apply fib channels and auto fib channels study :
Editors' picks
Education
by dgtrd
80
how to apply fibonacci fans and auto FibFans studyFibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur. A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on which a set of sequential speed resistance lines are drawn above (which represents time) and below (which represents price). These lines are drawn based on time/price percentages of the distance between the beginning and the end of the trend line. Speed resistance lines not only help to measure trend corrections but also measure the speed of a trend (the rate at which a trendline ascends or descends) Traders can use the lines of the Fibonacci Speed and Resistance Fan to predict key points of resistance or support, at which they might expect price trends to reverse. Once a trader identifies patterns within a chart, they can use those patterns to predict future price movements and future levels of support and resistance. Traders use the predictions to time their trades Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy. In any event, key support and resistance levels tend to occur frequently at the 61.8-percent level (0.618) on both uptrends and downtrends Fibonacci Speed and Resistance Fans vs. Gann Fans Gann fans are another form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of trend lines called Gann angles. Instead of relying on Fibonacci's golden ratio of 1.618, Gann believed the 45-degree angle (geometric angles of time versus price) to be most important. The Gann fan subsequently draws additional angles at 82.5, 75, 71.25, 63.75, 26.25, 18.75, 15, and 7.5 degrees. These angles are superimposed over a price chart to show potential support and resistance levels Step By Step Applying Fibonacci Speed and Resistance Fan Some interpretation examples: Example of how to identify if the move is Reversal or Retracement All the above are now available with the Auto Fibonacci Speed and Resistance Fans Study ʙʏ DGT ☼☾, LINK to Auto Fibonacci Speed and Resistance Fans Study
Education
by dgtrd
40
GBP/CAD UPDATEWe want to see the market on an H4 timeframe retrace to the 1.74 which is perfectly on confluence with the 0.618 FIB retracement and the previous support. We will monitor price action around this area and if everything remains bullish we will enter a new long position with a nice 1/3.5RR. I hope you enjoyed this analysis , like and share. I linked the previous analysis for further references. If you have a different opinion please share it with us in the comment area below. Have a nice trading day.
Long
by TheDayzen
1
LINK (Prj.Y19.P01.E01).MACRO.Level.TAThis will be my first on LINK TA and I'll keep it short for now and let the chart do all the talking. For more granular details, refer to the 4 HRLY Chart. Note: There is a possibility that BTC does another bounce off the 7900 range (a small bounce) and hence ChainLink (LINK) can also correspond. I say its less likely to happen at this stage with the market having a BEARISH overview. 4 HRLY Chart and how fib.fan lines help identify support and resistance pivot points. Note the many possibilities on the way down. NOTE: I am interest in ADA, EOS, ETH, BCH and LINK at the Macro level, especially when BTC has a downward trend. Why? I have noted that when BTC hits the bottom, these and some other ALTs perform much better on the way up, until a certain point. I will hopefully know when to flip, if this was to happen again. Hence I will also do TA on ADA, EOS and ETH later on. I also would like to see how accurate I was for future reference, to reflect and learn the lessons each time. Cheers, S.Sari
Long
by ssari
4
Is #bitcoin heading to 37K or down to 4K ? Decision in June...So I made a simple chart. This time I went to look at the btc log chart, with some fib fans, fib retracement zones and ichimoku clouds. On this TA I draw the 2 possible outcomes that are around the corner... one of these outcomes will happen and from what I've been following, there will be for sure a bullish move soon to test out higher resistance levels (and that thin zone in the ichimoku cloud). Price will reach that levels for sure in June, but the outcome no one really knows for now... that timeframe near 20 of June will be a critical point and there will be for sure some action near that date. What outcome do you think it will be more probable? Breakout from resistance and heading to new ATH's or fail to break resistance and fall down to lower support levels at $4000?
BITSTAMP:BTCUSD
by YearMillion
1
Bro, do you even Fib Fan? (Fib Speed Resistance Fan)If you don't use this tool, you really need to. This tool beautifully outlines the vast majority of the various support and resistance zones you will see on a chart, even between the major horizontal zones! Works magic for short-term trading! Combine it with a Fib retracement tool too. Hint: - Start with logarithmic scale on your chart. If that doesn't work, try arithmetic - The default values in this tool include 0.75 and 0.25. Why? I don't know. Go ahead and replace these values with the typical 0.786 and 0.236 values. If you find that the price is highly active below or above the default line with the lowest Fibonacci value (0.236), you can add in further Fib values by re-configuring any lines that are of less importance. e.g. if the 0.618 line isn't all that informative, change it to a lower Fib value, such as 0.146, 0.0898, 0.0561, etc. These are still remarkably accurate! For example, on this chart, I'm using 0.146 and 0.0561. Don't be afraid to move the start and end points of the tool in order to fit the chart you are working on. We're not trying to prove the accuracy of this tool and its standard methodology, we're trying to find more accurate predictions! If it's a little off, then move it till it looks good! Which charts are you spending a lot of time on? Does this tool help? Please share strong examples of where this works and does not work. Cheers! - B **This is not advice to trade.
by befunkt
4