NIFTY 50 future TRENDS-Part 2

[Bewinner]

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

Hi Seven_Star..

I am a daily visitor of your thread. Liked your approach of trading and teaching others. I have a query regarding the above thing. As u said the nos signifies a change will happen but in which way it will go how do we get the idea of that?

 

[SEVEN STAR]

THANK YOU...........It is very old study in a way to read sequences..of events
recently(50 Years or so..) this study is interpreted to Financial market.. for understand the Probable res..
and sup..levels.......that seems to be good indicators to understand ......
I had given few links earlier to study about Fibo.. and now
http://en.wikipedia.org/wiki/Fibonacci_number
you can get best out of this link also there are some good books available
As for as time zone it is again a sequences..split in to Minutes,hours,days ,weeks and Months ..calculations are same divisions...
POSTING 5 MINUTES NF..INTRA DAY CHART..7TH FEB.
TREND WAS DOWN FROM 8..13..21.AND TILL 34AND LOOK AT 55....

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[trdstudent]

.........It is very old study in a way to read sequences..of events recently(50 Years or so..) ..........

Thnx Seven Star .... yes it is an old study and u r really doing a gr8 job for all the friends

 

[SEVEN STAR]

Dear friends..how take up positional trader as per FBO..calculation..
NF ...opening ..price of the series is 6068.. the levls are..
-0.382..6057..-1.000..6045..-2.618..6008..NF never be able to close above -0.382..6057......so all down targets are open

-4.250..5970 and final..-6.850..5910...........SL..for shorts now can be moved to..-2.618..6008

in the event of closing below 5910..start a new calculation......

http://www.mypivots.com/investment-calculators/fibonacci-calculator

 

[SEVEN STAR]

One more way to look at it are we bottoming out.....
then..5910 to be sl and strong above 5970..can hit 6008

 

[trdstudent]

One more way to look at it are we bottoming out.....
then..5910 to be sl and strong above 5970..can hit 6008

Thnx SS .... future can not hold 5962 level .... so it comes down to lower trgt of 5900(+/-) .
My spot trgt was 5895 and therefore close all my shorts and puts . Entrd 6000CE at 39 (just 2 lots) . We r probably now ready for an up move ...

 

[Raghuveer]

NF Fib levels for Monday Feb 11 using Friday closing price of 5922:

Res: 5931 5945 5963 5982
Sup: 5913 5899 5881 5862

 

[SEVEN STAR]

Expecting Some pull back attained 61.8% risk sl 5890 NF..target 5970 +

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[SEVEN STAR]

NF..HELD 61.8% ON CLOSING HAVE TO TEST 50% OR JUST ABOVE IT
IF SUSTAINED ABOVE THIS (5970 NF) MAY TEST 6030
TOMORROW NF..LEVELS..
RES..5955..5964..5985
SUP..5932..5918..5895...

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[SEVEN STAR]

ON REVERSAL HAVE TO CHANGE THE TL FROM TOP TO BOTTOM ..LOOK AT THE RES..POINTS..WILL FALLOW UP WITH THIS CHART...TILL IT BREAKS THE LOW..5900

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