Part 8 — Polarity and Fibonacci
The polarity principle, Fibonacci retracement and extension for targets. All 18 slides in the order the course teaches them — each one explained underneath.
The POLARITY Principle — The Fibonacci Retracement Tool. Combining Fibonacci Retracement. With Other Technical Indicators. PART VIII.
Slide 1 of 18
The principle — POLARITY.
Slide 2 of 18
The principle POLARITY — a chart from the course deck. The markings on it are the lesson; read them left to right.
Slide 3 of 18
What to watch when applying the polarity principle — The points to check are marked on the chart; each one has to hold before the setup counts.
Slide 4 of 18
CHANGE of POLARITY — (old resistance becomes new support).
Slide 5 of 18
CHANGE of POLARITY — (old support becomes new resistance).
Slide 6 of 18
Why does your POLARITY trade — FAIL?
Slide 7 of 18
Fibonacci Retracement — Fibonacci Extension levels.
Slide 8 of 18
Fibonacci Retracement — Finding the support or resistance of a down or up impulse wave.
Slide 9 of 18
38.2% — 23.6%. 61.8-65%. 78.6%. 61.8%-65%. GOLDEN RATIO/POCKET. Fibonacci. Retracement.
Slide 10 of 18
Finding the target of an impulse wave once the correction or bounce has finished — Fibonacci Extension.
Slide 11 of 18
127.2% — 100%. 138.2%. 150%. 161.8%. Fibonacci Extension.
Slide 12 of 18
Fibonacci Retracement — In a down impulse wave.
Slide 13 of 18
Fibonacci Retracement — In an up impulse wave.
Slide 14 of 18
What to watch when using it — Fibonacci Retracement. Never use FIBONACCI on its own. FIBONACCI + MOVING AVERAGE. FIBONACCI + CANDLESTICK PATTERN.
Slide 15 of 18
Fibonacci + Moving Averages — The chart carries the detail; the markings on it are what the course is teaching here.
Slide 16 of 18
Fibonacci + Candlestick Pattern — The shape is drawn on the chart with the levels that define it. What matters is where it forms and what price does at the boundary, not the name.
Slide 17 of 18
Thank youWe hope the knowledge built up over this course — has improved and sharpened your skills. Thank you, and see you again.
Slide 18 of 18What this part covers
15 topics, in order. Each link jumps straight to that slide.
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The same ten parts, downloadable, to keep next to your charts.