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Week 34 2019




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Fibonacci Zone

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Fibonacci Zone THE CONCEPT The basis of the approach is to compare yesterday’s Close to today’s Open by John Jackson. After many years of research and backtesting, John concluded that yesterday’s Close and today’s Open affected the prices in a significant manner. By establishing a designation or pattern of these two factors, Fibonacci Zone Analysis™ opened a new avenue for statistical analysis of real time markets. Question about the Zone 1. How often will a specific Fibonacci Zone™ be reached? 2. Which is the highest percentage Resistance Fibonacci Zone™ for today? 3. Which is the highest percentage Support Fibonacci Zone™ for today? Setting up the Zone SEE CHART 1A STEP 1 CREATING THE ZONES 1. Add today’s H + L + C ÷ 3 = Balance Point (BP) = C A: (H+L+C)/3=BP=C 2. Calculate 50% of today’s range and add it to C = D A: (H-L)X0.5+C=D 3. Calculate 50% of today’s range and deduct it from C = B A: C-(H-L)X0.5=B 4. Add the entire day’s range to the BP C = E A: (H-L)+C=E 5. Deduc...
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