Fibonacci Will Always Override Fundamentals.
I am writing this article as I have become increasingly frustrated when listening to the ‘so called experts’ provide their rationale on why the financial markets are taking a beating.
NFLX collapse is latest examples that stocks will collapse despite stellar earnings and Oil perfect example that commodities will rally despite OPEC disagreements for one reason only: FIBONACCI WILL ALWAYS OVERRIDE FUNDAMENTALS AND INDICATORS. They base their conclusions on fundamental analysis of a security when I know that Fundamentals are holding no meaning what so ever as price is pre-set far in advance by Fibonacci concepts!
What I currently see in the markets plays out only every 8-13 years. What is currently happening within the stock Indexes and most prominently on stocks such as Netflix and Apple; is a very clear confirmation that fundamentals hold very little value if they contradict price and Fibonacci concepts. As collapse on Apple started in October 2015 when fundamentals were solid from Fibonacci Reversal Zone at $130 as posted since 2015.
Collapse on Netflix despite spectacular earnings is once again confirmation of Fibonacci always overriding Fundamentals. As price reversals preset by Fibonacci far in advance completely independently of fundamentals. I had been bearish on NFLX since 2015 as Fibonacci Reversal Zone been reached and I stated since January 27 prior to any earnings that NFLX heading to $85 and then $60.
AAPL, NFLX Fibonacci Collapse and Fibonacci Rally on Gold, Oil and S&P Trade May 5
The collapse of the markets in 2008 had inspired me to question everything about the markets and I was determined to find out if there was more to the markets than merely fundamentals. I studied thousands of charts and started seeing similar Fibonacci patterns in price movement. I learned that price moves in a predictable pattern based upon Fibonacci concepts which can determine far in advance where a trend will reverse.
Best Fibonacci Investments are Long on Oil, Gold, Silver while shorting Apple and NFLX along with Valeant as stated since 2015 ( posted under my profile since 201
If hedge funds used Fibonacci: they will not be Long Valeant, Apple, Netflix as stated since 2015. It is only wise to Short Valeant on every bullish pullback as I stated since 2015.
The collapse on Oil has been preset since 2008 from 127 level and once $86 Fibonacci Support in this area had been broken: Oil went into free fall in 2015. $30 on Oil was in fact Fibonacci Reversal Zone of the Bearish Trend. Bullish Rally on Oil discussed with my clients in a progress with multiple points of entry from 38- 40 area. Oil currently in retrace and power of this pullback will determine following rally.
As I expect Oil at $54 and $60 next.
I posted on my website last year the collapse of Apple (APPL) from $130 was preset years in advance as Reversal Levels had been preset at that time independent of Apple earnings. $90 level is only the end of the Minor Bearish Trend. This is a key area and it is essential to monitor for a bounce here. If this level is broken, Apple (AAPL) is heading to $76 and if this level is broken: Apple heading to $ 60.
I projected Bullish rally on Gold to reach $1300 and here we are: witnessing only Bearish Correction as I am expecting to see Gold at $1400, once this level is broken: expect to see Gold at $1500 and $1700 next.
Studying charts via Fibonacci remains my favorite hobby as I see market as flawless Fibonacci Puzzle .
Alla can be reached at 949-929-9398 or [email protected]
Fibonacci Trading Institute
8 年Fibonacci will never be understood if not used properly. After 8 years studying Fibonacci and price patterns I project all reversals far in advance as I see market as flawless Fibonacci puzzle. I will prove time and time again that Fibonacci drastically more accurate than fundamentals will ever be. This weeks event with FIT is once again clear prove as I warned my clients that no more what earnings will be : FIT heading to 10 . Excellent earnings did not help NFLX: I projected collapse as posted since Jan 27 for one simple reason: Fibonacci was showing clearly that NFLX on the way to 80 and 60 next. Same as Apple, as stated since January 27, when Apple earnings were so solid...Apple will be great but at 60 as well...
Software Craftsman | Finance Engineer
8 年Edwin Redwood well said.As a matter of fact Fibonacci is surrounded with a lot of uncertainity compared to fundamental.
Specialized as a US Dollar Consultant / Forex /Crude Oil/Bitcoin 29,800+ Designed the ( Anticipated Destination Price ) Global Price Footprint .
8 年I would strongly differ with your thought Fibonacci overrides the fundamentals .First of all we have to know what they mean, Fundamental are a path which traders set to take advantage anticipating movement upward or downward ,trend lines and reversals. Fibonacci is a set path for a push which has put traders into a position for a set path. There is no guarantee that Fibonacci would get you there . It is simply a push of volume and price .Let's say there are strong fundamentals for the US Dollar the movement is the outcome that is volume and price ,but it fades away but remember the best trader knows when he could take advantage of this situation. Can Fibonacci tell you destination and price the answer is NO so the whole equation falls apart. Fibonacci cannot overrides the fundamentals .