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

Re: Does Fibbonacci levels helps you to find out the bottoms?

yes.


dev

Re: Does Fibbonacci levels helps you to find out the bottoms?

In hinddsight almost all highs lows are fib levels. But which one is the million dollar question as you have rightly asked to which i do not think there is an answer . If there is would the learned ones care to educate us lesser mortals.

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.!

Re: Does Fibbonacci levels helps you to find out the bottoms?

Could you post an example chart. Thanks.

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.?

Re: Does Fibbonacci levels helps you to find out the bottoms?

So did u take the trade based solely on that ?

Re: Does Fibonacci levels helps you to find out the bottoms?

Luckily NO

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)

Re: Does Fibonacci levels helps you to find out the bottoms?

Agree with u Ajax ,..
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