StockFetcher Forums · General Discussion · Fibonacci Levels<< >>Post Follow-up
__fetcheruser123
msg #46821
Ignore __fetcheruser123
9/9/2006 11:43:02 PM

I was wondering if anyone would be willing to explain to me the algorithms used for generating Fibonacci Levels as well as how to trade them?


TheRumpledOne
6,411 posts
msg #46828
Ignore TheRumpledOne
9/10/2006 8:42:12 AM

Fib levels are simple.

1) Take the high and low for the period you are observing

2) I like to make the low 0% and the high 100%, then compute the 23%, 38%, 50%, 62%, and 77% levels.

3) You can compute the projection levels at 123%, 138%, 150%, 162%, 177% and 200%,etc.. -23%, -38%, -50%, -62%, -77% and -100 levels.

Usually the instrument you are trading will find support/resistance at these levels.

For example, when a stock tanks and bounces back, the bounce or retracement will usually be at least 23%, 38% or 50%.

Just goggle Fibonacci and you'll find plenty of material to study.

HTH.


StockFetcher Forums · General Discussion · Fibonacci Levels<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2022 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.