{"id":549,"date":"2020-04-25T16:50:47","date_gmt":"2020-04-25T14:50:47","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=549"},"modified":"2020-04-25T16:50:48","modified_gmt":"2020-04-25T14:50:48","slug":"about-fibonacci-and-my-last-two-long-term-buys","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/about-fibonacci-and-my-last-two-long-term-buys-549\/","title":{"rendered":"About Fibonacci and my last two long term buys"},"content":{"rendered":"\n

We had two days to the -20% level<\/strong> but then again the bulls got a bullish EOW<\/strong> (end of week).
You will read in the following article about Fibonacci<\/strong> and my last two long term buys. But first the market overview:<\/p>\n\n\n\n

Market<\/h2>\n\n\n\n

You see that my expectation has not changed<\/a><\/strong> a lot. I could imagine a move to the 250 EMA \/ 200 SMA \/ 38.2% and then down again. But it’s likely that we will stay in the channel<\/strong> again:<\/p>\n\n\n\n

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ES (daily)<\/em><\/strong><\/figcaption><\/figure>\n\n\n\n

Of course, the market participants currently try to find the true value after the expectations for most companies were cut. Also, the injections of the central banks will be decreased soon. That’s the reason why I expect much lower prices again in some weeks<\/strong>.<\/p>\n\n\n\n

Maybe you would draw the Fibonacci lines<\/a> the opposite direction with the 0% at the bottom and the 100% at the high. But the levels are at the same price. I drew it that way because I wanted the extensions to be at the bottom. For me, a newer all-time-high has a very low probability, so I need lower targets much more.<\/p>\n\n\n\n

How the Fibonacci levels fit exactly<\/strong> to the price movement during the correction:<\/p>\n\n\n\n