Tag Archives: Fibonacci

Fib Extensions Based on Yesterday’s Range

Posted on February 1, 2012 by fifty2weekhi

So the market had a big green gap this morning, the Fib Extension tool can be used to gauge possible extension points.  Check this out: Look at how at each (23.60, 38.20, 50.00, and 61.80) level the price either peaked … Continue reading →

Posted in Jinx, Wisdom on Trading | Tagged , , , | Leave a comment

Identifying the First Breakout Target – The 123.60% Fibonacci Extension

Posted on January 4, 2012 by fifty2weekhi

When price breaks out of a well defined range, and especially there is no nearby support/resistance, the 123.60% Fibonacci extension would be a good first target.  Look at yesterday’s gap up and where the HOD (128.36) was.  Darn close to … Continue reading →

Posted in Wisdom on Trading | Tagged , | Leave a comment