Oil has an aggressive fibonacci sequence pushing us lower. Oil has another sequence trying to push us lower if we continue and break above 53.40's then we will retest this aggressive fibonacci sequence at the 38 and 50% levels. Until we break above 55.50's I am bearish on oil. If we break above 55.50 then I will be prepared for the long setups to take place. If...
50% retracement will hold as support and potentially take us to target. If you like fibonacci or technical analysis like/comment/follow I will have a free trading chat room and trade room coming soon you can join.
S&P 500 has hit a huge fibonacci level to go down lower. Coincidentally the other 3 major US indexes have hit a high to low 50 as well. The Nasdaq, Dow Jones, and Russel have also hit this level. There is a good chance this continues to the downside. In order for the markets to be bullish again the indexes would need to break above the 61.8 (red line) with strong...
CRUDE OIL hit a huge extension on the 38% fib(blue). This level is incredible and has great support for it to go and try to hit its target at $77.79(green). This chart may look confusing because there are two fibs drawn. The first fib had oil hit the 50%(black) and it worked well to hit its target at $70.23(green). Oil has now retraced back into another extension...
Google has hit an extension to the upside. Hit the 50% mark which is a very strong level. Target is a little over $1221.00. There are actually other fib levels acting on google to go to the upside. This happens to be the most recent one of those levels. GOOGL IF YOU ARE INTERESTED IN SETUPS LIKE THIS FOLLOW @DANTHETRADEMAN ON TWITTER.
EURNZD hit a 38.2% retracement entry at 1.7005. Exit is 1.6858. Target is 1.7180. 113% opportunity. Short term Long. I got in at 1.7015 and am managing stops along the way up.
Good entry for me using fib to take a short term trade shorting GBPJPY. I have bought contracts shorting on fx risking $284 to make $541, or 190%. I also have nadex contracts at the strike price of 148.40, I sold at 75.50 and am going to close the trade at 50, or 104%.
EURJPY hit a fib retrace and will be looking to go to 133.35 and up overnight. I have longs in from 132.93 and Nadex contracts into 133.40 risking $295 to make $705.
