BC FIBONACCI
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🩸FIBONACCI retracement and GOLDEN RATIO - PART 2

Before we move forward, kindly like and retweet if you find our content is adding something to your knowledge.

 We have described how interesting Fibonacci numbers and ratios are and how it's been formed in PART 1 of this series. In PART 2, Lets see how we take trade based on fibo.
🎯How to draw Fibonacci levels?
Drawing Fibonacci retracemnts are fairly simple. The main point we look into is, If the direction of retracment is up or down side.
✅ If the trend is up, choose lower point and a higher point. Connect lower point with higher point using Fibo tool.
✅ If the trend is down, choose higher point and a lower point. Connect higher point with lower point using Fibo retracement tool.
🎯How to choose lower and higher points to connect?
✅Take lower point as point from where the trend has started, which means one should not take points where consolidation was going on.
✅Similarly, for higher point, choose the point from where the retracement of trend has started.
The choice of points is debatable. There is no fixed method. But above mentioned technique works and has a fair probability of success.
🎯Which fibo ratio has a higher probability of success?
✅0.618
✅0.5
In an up trending stock, If stock starts consolidating and reversing from 0.618 of retracement, we term it as bullish sign and trend is going to be continued towards new high.
If the stock is hovering between 0.618 and 0.5, it can also be termed as bullish sign, but we can wait for small dip towards 0.618 levels and enter OR we can enter in parts of quantity. We always have to keep some buffer point below 0.618 as STOP LOSS
🎯Once you find out such stock and enter, ride the trend towards new highs. All other ratios can be ignored or can be monitored to see if the stock is taking resistance at those levels.
🎯If you find any swing supports/resistance at 0.5,0.618 levels, its an added advantage to the conviction and pick can do wonders and give higher probability of winning
🎯Time frame can be daily and weekly charts
🎯Here is one example where we have taken the trade and rid the trend.
🎯We have several techniques to take a trade in the technical world. But practice one or two methods repeatedly and master it. Don't be a victim of analysis paralysis by applying every method.
🎯One ongoing stock based on fibo is below. Lets see how it performs in coming days..
🎯The method is not foolproof. But has higher chances of winning. After all, market is supreme.

LIKE and RETWEET if you found the knowledge is worth sharing.
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1/ Bullish Engulfing:

A bullish engulfing pattern is a candlestick pattern that forms when a red candle is followed the next day by a large green candle, the body of which completely overlaps or engulfs the body of the previous day’s

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Everything about Head and Shoulder Pattern

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A head and shoulders (H&S) pattern is a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.

It is one of several top patterns that signal an upward trend is nearing its end.


How do we trade the H&S pattern?

We find out stock that has the pattern but has not given a breakdown below the support or neckline which means it is in the formation of the right shoulder.

Generally, we track the stock just before the breakout so that we don't miss a big move.

What does this mean?

Basically, we look out for the charts where the price is forming the right shoulder or consolidating just above the neckline.

As seen in the chart where the price was in consolidation just above the resistance before the breakdown and big downmove.


Now the most important question is how we trade this pattern?

1. First identify stocks that are forming the H&S pattern and are about to give a breakdown.
2. Stoploss would be the nearest swing high or right shoulder high.
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Option trading is tough but here’s what can make it easier for you

8 option strategies that you can use in any market (sold as a ₹ 50,000 course !)

1/ Bullish: Put Spread (Vertical Spread)

This means shorting a near OTM Put Options and buying far OTM Put Options to hedge.

Let's consider, I am bullish on Nifty (Spot: 17900).

So I will short 17800 PE and buy 17600 PE as hedge.

Payoff and other details is attached below.


2/ Bullish: Put Spread (Cross Calendar Spread)

It means shorting a near ATM put of current expiry and buying OTM put option of next expiry to reduce margin.

Let's consider, I am bullish on Nifty (Spot: 17900).

So I will short 17800 PE (22/09) and buy 17600 PE (29/09).


If you are unsure of the view then cross calendar spread can be used as profit is good in between the range.

Decay in the far OTM option for next expiry will be less than current expiry options so that will be again a benefit.

3/ Bearish: Call Spread (Vertical Spread)

This means shorting a near OTM Call Options and buying far OTM Call Options to hedge.

Let's consider, I am Bearish on Nifty (Spot: 17900).

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Here is what YOU should know about BREAKOUTS before you lose money on them !

A free FAILED BREAKOUT analysis for you - 🧵


A technical analysis term, used to show a rise in a stock’s price above its resistance level (such as its previous high price) or drop below its support level (commonly the last lowest price.)


The assumption is that the stock will continue to move in the same direction following the breakout, which generates a buy or sell signal.

Trading breakouts is an excellent trading strategy that involves buying or selling an asset after a long period of consolidation.


However, the biggest risk of trading a breakout is when the price suddenly reverses, in what is known as a false breakout. In this report, we will look at what a false breakout is, how you can identify it, and how you can use it in the market.


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I realized yday that nobody in my pretty large circle knows how fib levels are calculated on log scale. So here goes:

1. Take the highest high (HH) & the lowest low (LL) of the range
2. Next, take the natural log (ln function in excel) of the ratio HH/LL.

3. So, you now have the log returns, really the best way to measure them. Call it R.
4. Now take the difference between the natural log of HH and the fib ratio multiplied by the log returns
5. Say, ln(HH) - (0.382*R). Call it A
6. Finally, take exp(A)

That will be the level which corresponds to the 38.2% fib of the range between the HH and the LL on a log scale basis.

Big shout to to Dr Strange aka @shetty_ashish for this.
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1.
Start fibo retracement from swing high, not the other way around. Simply 0 point should b where retracement started
2.
The base should b chosen as major swing low. Can't just pick a random point
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Less than 1% understand Fibonacci retracement.

This mega thread will help you understand better—starting today:

Collaborated with @AdityaTodmal

1/What is Fibonnaci (Fibo) retracement?:

•Fibo retracement levels help us to identify potential reversal area or identifying potential entry point after a pullback.

•It represents various levels of significance within a swing high and low.

2/How to plot the Fibo?

•Spot the recent swing high & swing low (usually a peak & a low) on a chart.

•Plot the Fibo on these points.

•You'll get 5 key levels of support & resistance (S/R) in between the peak & low.

•Key Fibonacci ratios: 23.6%, 38.2%, 50%, 61.8%, & 100%.

3/ Importance of retracement levels:

• The retracement level forecast can determine the level at which retracement is likely to occur.

• These retracement levels offer traders a favourable entry to open new trades in the direction of the trend.

4/ When to apply Fibo:

•Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices.

•Applying it in range bound markets would turn out to be a futile exercise.
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