NIFTY 50 future TRENDS-Part 2

[Raghuveer]

If this is right then looks like I finally got it.

Feb 5 Close= 5974.
Feb 5 Close + 23 = 5997.

For Feb 6, Fib levels given by mypivots dot com as per above close:
NF ~ Ratio
6034 ~ 2.618
6015 ~ 1.8
5997 ~ 1
5983 ~ 0.382

5965 ~ -0.382
5951 ~ -1
5933 ~ -1.8
5914 ~ -2.618

 

[SEVEN STAR]

Dear friends i gave fibo retracement levels.........
now you can learn Fibo.Time zone levels take from 8 and look at this chart how the trend changes as per the time zone...according to this chart 66 candles are completed 23 more to go for trend reversal pls. note this chart makes 2 candle a day..accordingly 12 more trading days to go for main trend reversal that is aprox. 21st of feb.. trend can be up or down....till that time nifty may be in consolidation.. blue and red lines are good support levels....and res..what high it made earlier..
If you have charting tool with fibo time zone it can work even in intra day..
formula is same 8..13...21.. what it is ...Mathematical calculation....
fibo ..1+1=2....2+1=3....2+3=5.....3+5=8......8+5=13......21...34..55..89.and it goes on......
LEARN FROM BELOW
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_time_zones

 

[a1b1trader]

Thanks Seven Star
Though I read previously about FIBO TIME ZONE
But I never pay any attention to it and its calculation
But you explained it very well and in a simple manner with a NIFTY chart.
Thanks

 

[SEVEN STAR]

as per fibo..+0.382..5983 sustained...long.....sl..-0.382..5965

 

[prabhsingh]

Seven Star,

Are fibonnic retracement % levels like 23.6,38.2,50.2 etc and fibo ratios one and same thing?

 

[SEVEN STAR]

Seven Star,

Are fibonnic retracement % levels like 23.6,38.2,50.2 etc and fibo ratios one and same thing?

pls..click on this link and go through thoroughly...........

http://www.investopedia.com/articles/technical/04/033104.asp#axzz2K69GTyKi

 

[SEVEN STAR]

NF......Fibo Arc..%.retracments........

images

 

[Raghuveer]

Fib levels for Feb 7 same as yesterday.

using closing price of 5973:
Res: 5982 5996 6014 6033
Sup: 5964 5950 5932 5913

 

[SEVEN STAR]

Today's NF..Fibo..arc testinG 50% retracment level
Today's Low is very crucial to hold............

CLICK ON THE IMAGE

 

[Raghuveer]

NF Fib levels for Feb 8 using closing price of 5961:

Res: 5970 5984 6002 6021
Sup: 5952 5938 5920 5901