Download Fibonacci A-B-C Calc APK latest version Free for Android
Version | 2.0 |
Update | 8 years ago |
Size | 1.21 MB (1,267,054 bytes) |
Developer | Phi-Trader |
Category | Apps, Finance |
Package Name | com.gmail.email.Otto.Robert.ABC_Calc |
OS | 1.5 and up |
Fibonacci A-B-C Calc APPLICATION description
For the full A-B-C-D cycle, the price spread from A-B will equal that for C-D. The B-C retracement can influence this. If B-C was greater than 50% of A-B, then it is likely that C-D will be less than
A-B. If B-C is between 38.2% and 50% of A-B, then it is likely that C-D will equal A-B. If the retracement B-C was less than 38.2% of A-B, then C-D may well exceed A-B. As the equity price goes up,
eventually it will begin to retrace.
Volumes are also important in confirming things. Still looking at an A-B-C Up, what you want to see are higher volume levels on the up-trend, and decreasing volumes on the retracements. When moving
up and passing through the levels of a previous high, you want to see higher volume levels than there were on the day of the previous high. When retracing you want to see the volume dry up, and in
particular, if the price drops below a previous swing low, it needs to do so on less volume than on that previous low's day.
This is a very high level description. More complete references on Fibonacci A-B-C's, confluence, and volumes can be found elsewhere on the Internet.