Pheonix, you know my position in this chicken and eggs question.
Do the prices react (stall, rebound, break through) fib levels because most people use fibs in TA, or is the fib level a mark at which "naturally" the price will react.
My position is that the fibs are present in most charting softwares and that most TAers use them to take a decision (and not the other way around).
Fibs seem to apply to the spoos and the Naz.
On gold and silver metals, those levels are Gann eights.
Im am sure you can find other instruments "reacting" on Hurst factors, r squared, ichimokus, Blau, you name it.
In essence, try to determine, and this for each instrument you trade, which indicator/level/oscillator/cycle most traders trade upon.
FWIW, my trade levels for next Monday (I didn't added the Gann levels, but I already can say that I have "historical evidence" to prove you that I can tell you the closing price one day ahead. I should start a paying newsletter ROFL).
Futures: Targets/pivots/retracements:
Source eMiniNaz eMini SP
S3 1184.50 947.75
S2+ 1197.50 956.88
S2 1210.50 966.00
S1+ 1215.00 970.13
S1 1219.50 974.25
R3 1288.50 1020.75
R2+ 1275.50 1011.63
R2 1262.50 1002.50
R1+ 1254.00 997.50
R1 1245.50 992.50
Pivot 1236.50 984.25
P+ 1228.00 979.25
P- 1228.00 979.25
limit up 1279.00 1022.50
limit down 1179.00 942.50
Day-1 low 1227.00 976.00
Day-1 high 1253.00 994.20
Day-1 close 1229.00 982.50
11.62% 1372.00 1096.75
6.62% 1310.50 1047.50
3.62% 1273.50 1018.00
1.62% 1249.00 998.50
0.62% 1236.50 988.50
0.38% 1233.50 986.25
-0.38% 1224.50 978.75
-0.62% 1221.50 976.50
-1.62% 1209.00 966.50
-3.62% 1184.50 947.00
-6.62% 1147.50 917.50
-11.62% 1086.00 868.25
Another site:
charts3.barchart.com |
