Greetings all,
Been tweaking my method for predicting support & resistance levels with a variation of the Fib Sequence I'm calling a "Fib-Flip." Its been a method I have been putting to use for sometime now to make price calls. I saw the 13850 level a few weeks ago as a place to take profits. On the monthly, this price was obviously resistance as neither Dec '17 or Jan '18 could close above it. Thus, this is what I see as the true inflection point in this market. We have since corrected but have managed to close above the 10580 level I was looking for to confirm these prices. If we continue further down, I'm expecting these prices to act as support-levels. I am not saying we will continue down though. I think our odds of breaking through the flip-point are still good based on the support near 10580. There is the new down-trendline that has formed from the peak to the recent highs, but I don't see it as much force of resistance.
Thanks for reading. Be sure to share your thoughts & in the comments.
No_L
Been tweaking my method for predicting support & resistance levels with a variation of the Fib Sequence I'm calling a "Fib-Flip." Its been a method I have been putting to use for sometime now to make price calls. I saw the 13850 level a few weeks ago as a place to take profits. On the monthly, this price was obviously resistance as neither Dec '17 or Jan '18 could close above it. Thus, this is what I see as the true inflection point in this market. We have since corrected but have managed to close above the 10580 level I was looking for to confirm these prices. If we continue further down, I'm expecting these prices to act as support-levels. I am not saying we will continue down though. I think our odds of breaking through the flip-point are still good based on the support near 10580. There is the new down-trendline that has formed from the peak to the recent highs, but I don't see it as much force of resistance.
Thanks for reading. Be sure to share your thoughts & in the comments.
No_L
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.