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| Discuss Does Fibonacci levels help you find out the bottoms? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, Everything that goes up comes down & vice-versa. No one can change that for ... |
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| Technical Analysis Discussion of all the principles involved in technical analysis. |
| View Poll Results: Does fibonacci Retracement level hepls you to find out the bottoms? | |||
| Yes |
   
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9 | 52.94% |
| No |
  
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4 | 23.53% |
| Cant Say? |
  
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4 | 23.53% |
| Voters: 17. You may not vote on this poll | |||
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#1
2nd January 2008, 08:30 PM
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Does Fibonacci levels help you find out the bottoms?
Hi,
Everything that goes up comes down & vice-versa. No one can change that for sure. The million dollar question is when exactly will the reversal occur? Does Fibbonacci Retracement levels helps you to find out the bottoms? Plz share ur views... Regards 
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#2
13th January 2008, 07:03 AM
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Re: Does Fibbonacci levels helps you to find out the bottoms?
yes.
dev Last edited by Dev Mookerji; 13th January 2008 at 07:46 AM.
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#3
13th January 2008, 07:17 AM
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Re: Does Fibbonacci levels helps you to find out the bottoms?
Quote:
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#4
13th January 2008, 10:52 AM
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Re: Does Fibbonacci levels helps you to find out the bottoms?
i feel that fibonaacci does help in finding out bottoms. the trcik is find out the bottom with the help of fibonacci extensions applied wisely. then you the stock support and resistance levels from the past data. another key is find appropiate highs and lows for applying the fibonacci extensions and then judge out the probable bottoms and the tops. i have been using combination of these techniques along with the indicators like CCI , Accumulation and distribution , MACD etc. one has to be logical in thinking which helps to find the solutions. goodluck and happy trading.!
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#6
15th January 2008, 01:41 PM
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Re: Does Fibbonacci levels helps you to find out the bottoms?
Apollo Tyre went down and reversed @ 50% fib.retracement.
I cant just upload the chart.....something wrong.?
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#9
2nd April 2008, 07:30 PM
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Re: Does Fibonacci levels helps you to find out the bottoms?
Yes Yes Yes...............
I dont know much about elliot waves theory.. but its basis is Fibonacci.. It does help in predicting tops / bottoms , On a simpler presumption.. see ... think wolf......also based on Fib numbers Down load Power point files from thread "Pick bottoms low Tops" and go thru it U 'll get the answer....... Only , u need to know the art of applying it.. Regards Ajax PS: One tip ... One great way to pick stocks are those who have fallen to 11% of their peak values... (Think of Highly liquid stocks)
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#10
2nd April 2008, 08:03 PM
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Re: Does Fibonacci levels helps you to find out the bottoms?
Quote:
I'm not so good with moving avgs and indicators ,.. what i use personally for my trade is various fibbo techniques ,.. The ElWave & Wolf are based on it upto some extent. Not always it should follow the fibo ratios,..!! About finding tops n bottoms ,.. A fibbo retrace level can give u the maximum chance of reversal ,.. it doesnt mean u r always right but as much i have felt chances are around 70%. So it could be called a good chance. Will post various fibbo charts as soon as i will see them in my system. And will try to post a new thread also over it. Regards,.. Darsh
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