Fibonacci – Slope of Hope

Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

This Is The Chart You Need To Show Your Children And Grandchildren

By ElliottWaveTrader - 2 months ago (04, Jan 2020 11:28:27 AM)

Yogi Berra was quoted as saying that “it’s tough making predictions, especially about the future.”

However, there are times when one is able to at least obtain a probabilistic reading about the future, based upon an understanding of mass human sentiment and human psychology.

In fact, back in the 1940’s, an accountant named Ralph Nelson Elliott identified behavioral patterns within the stock market which represented the larger collective behavioral patterns of society en masse. And, in 1940, Elliott publicly tied the movements of human behavior to the natural law represented through Fibonacci mathematics.

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China’s Shanghai Index Heats Up

By Strawberry Blonde - 3 months ago (31, Dec 2019 10:27:59 PM)

China’s Shanghai Index (SSEC) heats up in anticipation of the signing of the new U.S./China Phase I Trade Deal, expected on January 15, 2020.

The monthly chart of the SSEC shows price has just broken above a downtrend line that began at the highs of June 2015.

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Clinging Like a Magnet

By Tim Knight - 3 months ago (25, Dec 2019 7:26:28 PM)

Try as it might to escape, Bitcoin is clinging steadfastly to its Fibonacci retracement. It’s actually quite remarkable.

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Rejiggered Fib

By Tim Knight - 4 months ago (02, Dec 2019 9:13:09 AM)

I wanted to share a couple of major U.S. equity index charts with Fibonaccis, since I think they are kind of interesting. Here is the Dow Jones Composite, with anchor points at the bottom of the financial crisis and at the December 2014 peak. Take note of the 161.8% projection (dashed line) and its relationship to recent price activity.

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Pre-Stuffing Fib Check

By Tim Knight - 4 months ago (27, Nov 2019 7:23:55 AM)

Happy pre-Thanksgiving to Slopers. To be clear, today is a full trading day, and Friday is a shortened day, closing three hours before normal.

I wanted to thumb through a few big cash index charts. In most of these cases, they have blown right past their Fibonacci extension targets (thanks to Powell’s QE4). These extensions are based on major high/low anchor points, and are represented by horizontal lines. Here is the Dow Composite:

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BombCoin

By Tim Knight - 4 months ago (22, Nov 2019 6:07:26 AM)

And here we are, as our Fibonacci Friend suggested. So the question now is whether Bitcoin actually finds stability at this key level, or if begins an entirely new journey lower. If it does, that target would be $3170.

Fibonacci Fiddlings

By Tim Knight - 4 months ago (16, Nov 2019 5:44:59 AM)

I’m not sure what you did on Friday night, but it was probably different than how I spent mine: looking at charts and, in particular, Fibonacci extensions. In other words, this dialog box in SlopeCharts:

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