Boroden Carolyn - Introduction To Fibonacci Price Clusters And Timing On The Cbot Mini-sized Dow
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Introduction to Fibonacci Price Clusters and Timing on the CBOT mini-Sized Dow Carolyn Boroden Synchronicity Market Timing SYNCMT.COM
Apprentice Trading Academy (702) 273 1335 Las Vegas, NV
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A price cluster is the coincidence of at least three or more Fibonacci price relationships within a relatively tight range. These clusters identify potential key support and resistance zones. If you take trades against these cluster zones with a good “trigger” or “filter” (with the trend in mind), you can greatly improve your trading results.
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KISS Let’s keep it simple Fibonacci Cluster + a trigger = trade Maximum risk is defined just above or below the extreme of the price cluster zone Trade target = 1.272 extension of the prior swing into the cluster zone Fibonacci Cluster – a trigger = stand aside until the next setup
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Fibonacci Fibonacci Number Series: 0,1,1,2,3,5,8,13,21,34,55,89,144,233,etc... The number series will continue to infinity by adding the previous two numbers Example: 34 + 55 = 89, 55 + 89 = 144, etc. Ratios used in the analysis .382, 50, .618, .786, 1.0, 1.272 & 1.618 Sometimes (.236, 2.618 and 4.236)
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Fibonacci Price Retracements When a market makes an initial move (for example low to high), it is not unusual for that market to retrace either .382, .50, 618 or .786 of that previous move and then resume the original trend. High
Low
% Retracement .382, .50, .618, .786 (for potential support)
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Fibonacci Price Extensions High
Low
Price extensions are essentially Retracements beyond 100% We most often use 1.272 and 1.618 as extension levels. 11
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Fibonacci Price Objectives (Projections) High B
C Low A Low
Fibonacci price objectives or “projections” are measured from 3 points or prior highs and lows in a market. We typically use 1.00% and 1.618 for these projections. 13
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Price Cluster: coincidence of at least 3 Fibonacci price relationships within a relatively tight range
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If a zone is not violated..it is still good
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Symmetry
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Apprentice Trading Academy (702) 273 1335 Las Vegas, NV
1
2
3
4
5
A price cluster is the coincidence of at least three or more Fibonacci price relationships within a relatively tight range. These clusters identify potential key support and resistance zones. If you take trades against these cluster zones with a good “trigger” or “filter” (with the trend in mind), you can greatly improve your trading results.
6
KISS Let’s keep it simple Fibonacci Cluster + a trigger = trade Maximum risk is defined just above or below the extreme of the price cluster zone Trade target = 1.272 extension of the prior swing into the cluster zone Fibonacci Cluster – a trigger = stand aside until the next setup
7
Fibonacci Fibonacci Number Series: 0,1,1,2,3,5,8,13,21,34,55,89,144,233,etc... The number series will continue to infinity by adding the previous two numbers Example: 34 + 55 = 89, 55 + 89 = 144, etc. Ratios used in the analysis .382, 50, .618, .786, 1.0, 1.272 & 1.618 Sometimes (.236, 2.618 and 4.236)
8
Fibonacci Price Retracements When a market makes an initial move (for example low to high), it is not unusual for that market to retrace either .382, .50, 618 or .786 of that previous move and then resume the original trend. High
Low
% Retracement .382, .50, .618, .786 (for potential support)
9
10
Fibonacci Price Extensions High
Low
Price extensions are essentially Retracements beyond 100% We most often use 1.272 and 1.618 as extension levels. 11
12
Fibonacci Price Objectives (Projections) High B
C Low A Low
Fibonacci price objectives or “projections” are measured from 3 points or prior highs and lows in a market. We typically use 1.00% and 1.618 for these projections. 13
14
15
Price Cluster: coincidence of at least 3 Fibonacci price relationships within a relatively tight range
16
17
18
19
20
21
22
23
24
25
26
If a zone is not violated..it is still good
27
28
29
30
31
32
33
34
35
36
37
Symmetry
38
39
40
41
42
43
44
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