Hourly Fibbo Levels 101
Hourly Fibbo Levels 101
Ravee
Will you please allow me to make a small correction in your observation given above?
In Sl.No.3 above, instead of 23.6 , 38.2, 61.8
you have to read 38.2,61.8,76.3 respectively.
2351,2385,2406,2419,2440,2461,2474,2482,2495.
SBI opens at 2377 and rises crossing 2385,2406,2419,2440 and closes at 2450 on hourly basis, without reaching the next
Now concentrate on the levels 2440 and 2461.
The next hour candle opens at 2450 and goes upto 2470.5 but begins to fall from here crossing the level 2461 and closes
(We could have exited at 2461 to avoid reduction in profit)
At the next available chance we can go short at 2440 for the targets 2419, 2406,2385,2351. This fall was upto 2399.
he level 2461 and closes at 2431 below the previous level 2440. It indicates that the trend has changed and we have to exit our long he
19 20
31 32 33
50 52 53
81 82 83 83 84 86
When a stock has closed below the Red number and subsequently
when it advances and closes above the same red coloured level, the stock will k
If red number crosses, next breakout number should average of 2 pink numbers
Example:
Reliance capital closing figure from 21.12.2011 to 05.01.2012 were lesser than R
Long Entry:
The day when it closed above 254, it has become BUY by this Fibonacci Number
Stop: Once when trade is intiated above 254, Stop becomes 246 on closing basis
Targets:
Once when Long Entry is initiated at 254, then targets are subsequent numbers
Trailing Stops:
When stock advances from 254 to 267, then you can trail the trade with Stop pla
The beauty of this Fibonacci Spiral number move, when it closes above the Red c
I have show the above example for Buying into stocks with Fibonacci Spiral Num
The same Reliance Capital close as on 15.09.2011 was at 415.95, which is above
If red number crosses, next breakout number should average of 2 pink numbers
21
34
54 55
87 89
level, the stock will keep advancing till the next Red coloured number.
age of 2 pink numbers Between the numbers fib ratio was 38.2, 61.8 and
88.6 level also hold in a strong trend
012 were lesser than Rs.254. (Which is a Red coloured Number). On 06.01.2012, it officia
his Fibonacci Number and next day ensure it crosses the previous day high for technical v
s 246 on closing basis. ( Remember, position should not be cut if it breaks this 246 on int
subsequent numbers viz.. 267- 288 – 322. If it further advances above 322, then it will fa
he trade with Stop placed below 254 on closing basis. And when it advances further to 28
closes above the Red coloured Number, it will not so easily close below the previous num
415.95, which is above RED Number of 411. When it closed below 398 on 22.09.2011, it d
erage of 2 pink numbers
35
56 57
91 92
ay high for technical validation. Wait for the day when it pullsback to 254 to have long En
ove 322, then it will face stiff resistance at next Red Number 343. The stock will find it d
advances further to 288, then trail again below previous number of 267 and so on so fort
low the previous number. Once when it closed above Red coloured number, the previous
22 23
36 37
58 60
94 97 99 100 101
The stock will find it difficult to close above 343 and once when it does it, then subsequen
number, the previous number will act as support like a rock. If it breaks, then trend migh
100 38.2 61.8 76.3 100 38.2 61.8 76.3 100
24 26 29
39 42 44 45 46 47
63 65 66 67 68 71 73 74 76
DOWN TREND
EXTENSIONS 0.0557
11159.17 0.0902
11064.00 0.1459
11005.17 0.2361
10987.00 0.3333
10968.83 0.3820
10968.83 0.3820
10910.00 0.5000
10877.04 0.6180
10851.17 0.6667
10833.00 0.7630
10814.83 0.8541
10792.34 0.9098
0.9443
EXTENSIONS
10565.66 ### ###
10543.17 ### ###
10525.00 ### ###
10506.83 ### ### for nifty 4 digits
10484.50 ### ### for century two digits
10465.86 ### ### The trend of the day will be determined wh
10448.00 ### ###
10389.17 ### ### 61.8
10371.00 ### ### 88.4
10352.83 ### ### 138.2
10294.00 ### ### 161.8
10294.00 ### ### 261.8
10294.00 ### ###
10198.83 ### ###
l be determined when it breaks 61.80%.
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1 Day Pivots
Pivot High 428.60 Pivot + (Absolute value of (Midpoint of Range-Pivot))
Pivot 426.03 (H+L+C)/3
Pivot Low 423.47 Pivot - (Absolute value of (Midpoint of Range-Pivot))
3-Day Pivots
tool to trade if you develop your own methodology. Its a powerful one if you could find some method to takeup trades.
e trade, if Nifty advances by entire spread of the previous day from current day's low, then it normally tend to close at highest level
2 Nifty OHLC
ow of Nifty Future 5048.60.. and if you add this spread of previous day 28.30 to 5048.60, you will get 5076.90. When NF crossed th
act about spread, the day when it breaks spread value like on 24.01.2012 and closed in green, next day it will not break the previou
are there using spread values. Higher the time frame, it works awesome .. You can check this weekly and Monthly datas.
tocks where MACD crossing Zero from below and RSI above 60.. High probable trade setup is taking ADX into consideration.. When
irst you have to decide about the trend of market by using 50,200 crossover in Daily chart. If crossover is in buy mode an
50, 200 crossover is in buy, the instrument tend to pullback to 50 average and thats the place you need to watch the above setup
on I told you about Tata Sponge in SB, just don't look at MACD and RSI alone as averages are not in perfect buy mode.. So too ON
18 / 3.140 / 3.618 / 4.236
od to takeup trades.
lly tend to close at highest level. and if it declines by entire spread of previous day from current day's High, then it may endup with
get 5076.90. When NF crossed this 5077 on that day, it blasted to 5149.50 and closed at 5120.45.
day it will not break the previous day low 90% of time. And reverse is true when previous day spread breaks from day's high.
60 , then it is a buy. Price will accelerate when ADX becomes bullish ( ADX >25).
g ADX into consideration.. When it moves above 25, then momentum to your buy signal will accelerate.
rt. If crossover is in buy mode and when market corrects and then begin to moveup again, the above setup can have high probable
DX >25).