The Fibonacci retracement
tool will calculate five levels in between these points, at 23.
Despite the strong performance over recent weeks the index is well overdue for a stall or retracement
and completed 2 sets of ABC corrections 6 perhaps a double 3 in Elliott wave terminology.
This region is also close to a 50-percent retracement
of the stock's ascent from its July low (13.
This common relationship between every number in the series is the foundation of the common ratios used in retracement
Click here to see a Daily Chart of Apache since March 2006 with 10-day and 20-day moving averages, a Daily Chart of Apache since March 2006 with Fibonacci retracement
levels, and a Monthly Chart of Apache since August 2001 with 10-month and 20-month moving averages: http://www.
Click the following link to see a Monthly Chart of SEPR Since April 2000 With Fibonacci retracement
levels, and an option configuration chart for SEPR for February: http://www.
The stock seems to have met resistance, and I'm a little concerned that one of the key Fibonacci retracement
Zooming out to the monthly view, I'm a little concerned that one of the key Fibonacci retracement
This, along with momentum divergence with recent highs favors at least a pullback and retracement
of the rally from 152.
12, and I notice an important Fibonacci retracement
level at 23.
As we so often see, it stumbled as it reached the 50-percent retracement
level, and now it seems to be hitting overhead resistance at the 38.
It seems to be hung up on the 50-percent retracement
level, but finding support at the 38.
6% FIBONACCI RETRACEMENT
We often talk of the importance of using Fibonacci retracement
levels as a tool to help traders better gauge potential shifts within the market.
Eighteen (18) Available Studies: With the addition of GANN Lines and Keltner Channels, the number of available studies now totals 18, including Fibonacci Retracement
and Projection, Bollinger Bands, MACD, and more.