This is an intro to using Fibonacci retracements
Both of these markets got up to and through the long term targets. he target for Bitcoin was the area of 11,600 and 11,700. The first one was a major Gann square and the second was 78.6% back to the 6/
ESU20 After two weeks of bumping up against the 3266.00 major Gann square a solid close above it today will make it the swing point and with another close
I am not calling for a top in Gold, but I want you to be aware of what is also going on in the US Dollar that can cause at a minimum a very good setback. Gold and the Dollar have been mirroring each
Weekly outlook Soybeans Going back over the last year there are some very key things that have happened. The first was back in October 2019 when they first hit 38.2% back to the 2016 high, this level was 940.00. As a side
10,050 target has been hit BITCOIN After holding the swing point of 8850, this was 23.6% back to the 3/13/20 low, they have now retested 61.
BITCOIN This is an update to the previous outlook on 7/8/20,Bitcoin continues to hold the long term swing point of 8850 and now is above 38.2% back to the 6/2/20 high, this is 9440. Provided they can get
Upside target is 1.1815 E6U20 The Euro currency long term swing point is 1.1375 this is 38.2% up to the 2018 high, it is also a major Gann square. It has now traded above this level for 5 days and as
This is the lastest ONE44 video, even if you don't trade JPM, or GS it is worth a look to see how to use the Fibonacci retracements. Don't forget to subscribe!
MSFT, AAPL, GOOGL, NFLX, FB, and AMZN FB You can now use the 242.50 major Gann square as the swing point for now. Below it, look for the next major Gann square at 215.00. The long term swing point is 195.00,
Gann squares The chart below has all the secondary Gann squares marked on it with the horizontal yellow lines, also noted as ONE44 Static sup/res. These levels will remain
The 3166.00 major Gann square is now the swing point The break with the close back below the 3166.00 major Gann square on Tuesday was only able to go 38.2% back at 3108.00 keeping the market very strong. You can
E6U7 The Euro continues to be held down by the 38.2% retracement. The 2018 high was 38.2% back to the all-time high, the high on 3/9/20 at 1.1502 was 38.2% back to the 2018 high and that took
With a close above 33.46 look for 42.10 XNCR has traded above and below the long term swing point of 30.00 (a major Gann square) for 3 months now. The 200 day moving average has contained it on the upside and
Caught between two major Fibs The long term target on the break from 61.8% at 10,050 remains at 6380, this is based on the 61.8% rule. The break from this area has also held 23.6% of the rally at 8850.
Soybeans The Soybeans based on the nearby chart continue to rally from the 78.6% retracement on 4/22/20 at 815.00 and have now had a couple closes above the 200 day moving average. The first target based on the 78.6%
Soybean still under the 38.2% rule Using the nearby Soybean chart, we can look back to the June 2016 high that was 38.2% back up to the all-time
Bitcoin and the Fibonacci retracementsThe rally that started on 3/13/20 has held all of the key retracements on the rally up to 10,359. The first setback on 3/30/20 held 38.2%, the second one held 23.6% on 4/
New video of where JPM and GS have been and where they should be going based on the Fibonacci retracements
The break from the long term swing point of 2930.00 was interrupted by...
The S&P retested the long term swing point at 2930.00 and broke again. In general when a market fails to make a new high/low after the
Setback holds 23.6% again The break from the long term swing point at 2930.00 took it right back to 23.6% of the rally at 2782.00. The previous low before they hit the long term swing point was also 23.6%
This example deals with NQM20 daily chart and the ONE44 78.6% rule. When we use the last long term direct move up from the Dec. 2018 low to the all-time high, you can see that the bottom on 3/23/20 retraced 78.
For those of you who have read the Fibonacci rules and guidelines on our website, you would know that once they have reacted from 38.2% the next target on a close through this was going to be 61.8%, this is your 2930.00.
The rally in Bitcoin from the major Gann timing on 3/13/20 has now hit the upside target area of the 7600 major Gann square and 38.2% back to the 6/26/19 high, this is 7700.