Fibonacci-618

Fibonacci-618 Aug 1, 2024

As you can see there are a couple gaps to fill yet. Is it time for that move? We have a strong channel moving up but it has hit some strong resistance with a good amount of volume. This support area is also a fib retracement level. Which holds, which breaks?! My opinion is we are over extended and its time to break the channel and fill one or both gaps. Good luck...

Fibonacci-618 Feb 18, 2022

From what I see is utilizing the fib retracement from the 2020 low to the top of you can see great support and resistance . Ironically looks like it's going to flirt with the 0.618 fib retracement level. IWM is on it's way down and I see it filling the gaps that I circled. Along the way the SPY is mimicking the movement of IWM , so I see more downside for SPY as...

Fibonacci-618 Jan 27, 2022

Looks like we have a bit of a convergence zone here. It's getting pushed down by the 200MA, you've got a FIB line of resistance, and a natural line/zone of resistance. I like the comparison of the beginning of the 2008 crash/rollover; choppy then but remaining in a downward trend.

Fibonacci-618 Updated  Sep 29, 2021

As you can see the development of flags and pennants have formed three times now. Two of those times it popped and went higher. What do you think will happen this time? I used Heikin Ashi but you can see it with normal candlesticks too. Though in normal candlesticks it's more well defined in it's current flag/pennant formation. If you look at the Fibonacci levels...

Fibonacci-618 Sep 28, 2021

I see a flag/pennant and consolidation above the .5 Fibonacci retracement level after hitting resistance at the .618 level. It's due for a pop to the upside this week. Then watch the price to tell us where to go from there.

Fibonacci-618 Jan 6, 2021

In this comparison you see PBD clearly outperforming the S&P and the NASDAQ. It's well above the 50 day SMA, follow the trend and the money!

Fibonacci-618 Jan 6, 2021

I see some similarities in CRM with NFLX, what do you think?