trend

[cmlee]

is there anyway to predict how much the correction will go?

 

[sachin divase]

is there anyway to predict how much the correction will go?

Fibonacci Retracements are displayed by first drawing a trendline between two extreme points (i.e., a significant trough and peak). After selecting Fibonacci Retracement from the Insert menu, a series of up to nine horizontal lines will be drawn at the Fibonacci levels of 0.0%, 23.6%, 38.2%, 50.0%, 61.8%, 100%, 161.8%, 261.8%, and 423.6%.
After a significant move (either up or down), prices will often rebound and retrace a significant portion (if not all) of the original move. As the price retraces, support and resistance levels will often occur at or near the Fibonacci Retracement levels.

 

[alokdaga]

If anybody could - he would be busy counting money instead of attending the forum !!!

Anyway - jokes apart - fibonnaci retracements can be of help

Alok

is there anyway to predict how much the correction will go?

 

[cmlee]

how can i install Fibonacci in metastock?

 

[sachin divase]

how can i install Fibonacci in metastock?

Path:

Insert-->Fibonacci--->Retracement

 

[cmlee]

taking this chart as an example how do i position Fibonacci ?

 

[sachin divase]

taking this chart as an example how do i position Fibonacci ?

I show you with another chart.
See attached chart.

 

[sachin divase]

taking this chart as an example how do i position Fibonacci ?

Tell me name of the script which you have loaded,I posts previous data and retracement levels.

 

[cmlee]

if the chart is on uptrend the 0% should be placed at the highest price and 100% should be placed at the lowest price?

also, normally what percentage of retracement do we look at on the uptrend?

 

[cmlee]

can i email to you instead?
whats your email address?