Hey, even if you don't agree with the "signifance" of the following posted numbers or chart, at least I'm sharing something, this post is a hell of alot better than nothing. Nad anyone who took my illustration of capitulation volume for a bottom (2 trade days ago) would have bought the bottom in yestereday's RTH, rfor a guess what?, 10 point advance.
private PM to anonymous (If I send the AH pivots to you in a PM, I might as well let everyone see it, by the way, I love some of your poetry.
Floor trader pivots based on AH price action. and fibs, too. the formulas are very similar, as you can see in the numbers below. Floor Pivots and fibbs have very similar levels due to the formulas used to calculate, even if a person (for entertainment purposes) looks only at fibbs, they are virtually looking at Floor Pivots.
The extension/retracement levels I have identified under the Fibbos are those that I associate with the R/S levels of the pivots.
AH Floor Pivots...........Fibbos
R3 = 1407.00.............1.0 extension (of AH range) = 1403.50
R2 = 1396.25.............0.618 Ext = 1396.72 ***R2 & 0.618 Ext upside often a price level for consolidation, retracement
R1 = 1389.25.............0.272 Ext = 1390.50 (often an intraday consolidation level)
PP = 1378.50.............0.38 retrace of AH range = 1378.97
S1 = 1371.50.............0.618 retrace of AH range = 1374.75
S2 = 1360.75.............0.272 ext down= 1363.17
S3 = 1353.75.............0.618 ext down = 1357.03
So far, RTH L has been 1372.00 very close to S1 of 1371.50
ATTACHED, a bull flag (why doesn't B1S2 post a chart like this to illlustrate his analysis) Because he doesn't want you to know.
private PM to anonymous (If I send the AH pivots to you in a PM, I might as well let everyone see it, by the way, I love some of your poetry.
Floor trader pivots based on AH price action. and fibs, too. the formulas are very similar, as you can see in the numbers below. Floor Pivots and fibbs have very similar levels due to the formulas used to calculate, even if a person (for entertainment purposes) looks only at fibbs, they are virtually looking at Floor Pivots.
The extension/retracement levels I have identified under the Fibbos are those that I associate with the R/S levels of the pivots.
AH Floor Pivots...........Fibbos
R3 = 1407.00.............1.0 extension (of AH range) = 1403.50
R2 = 1396.25.............0.618 Ext = 1396.72 ***R2 & 0.618 Ext upside often a price level for consolidation, retracement
R1 = 1389.25.............0.272 Ext = 1390.50 (often an intraday consolidation level)
PP = 1378.50.............0.38 retrace of AH range = 1378.97
S1 = 1371.50.............0.618 retrace of AH range = 1374.75
S2 = 1360.75.............0.272 ext down= 1363.17
S3 = 1353.75.............0.618 ext down = 1357.03
So far, RTH L has been 1372.00 very close to S1 of 1371.50
ATTACHED, a bull flag (why doesn't B1S2 post a chart like this to illlustrate his analysis) Because he doesn't want you to know.
