1. The Art of Fibonacci Trading
The Art of Fibonacci Trading Presented by Aditya & Gema
The Art of Fibonacci Trading

2. Known as : Leonardo Pisanus
Leonardus filius Bonacci
Leonardus Bigollus
“Bigollo” – Tuscan dialect – meaning “blockhead” or “traveller”
Never referred to himself as “Fibonacci”
Medieval biographies and portraits rare: All pictures and statues of Leonardo of Pisa are only from artists’ imaginations
Exact date of birth and death not known

3. Background History
Leonardo was born 2 centuries after cultural and economic slowdown in Europe known as Dark Ages
Commercial Revolution was well underway
Both local and international trade occurred
Mediterranean Sea linked regions representing different religions, political entities and cultures
Three Italian cities dominated imports and exports: Venice, Genoa and Pisa
Pisa: population of approx. 10,000 and was a “commune” – independent republic

4. More History…
His father, Giuliemo, held a diplomatic post in Bugia (North Africa)
Leonardo travelled extensively with his father: Egypt, Syria, Constantinople, Sicily, France, Greece
Leonardo acquired much knowledge of various mathematical systems and texts during his travels
Some argue he is not a true mathematician but only an author of a very successful text (Liber Abaci)
Yet, he did also compile his own techniques, theorems and facts when he published his findings
When we think of Fibonacci, we think of his introduction on the Hindu-Arabic numerals (HAN) to the Western world and the famous Fibonacci sequence

5. MORE ABOUT FIBONACCI
Fibonacci is one of general revelation from God to mankind that gave amazing contributions to science and a lot of life aspects
More about Fibonacci can be seen at

6. 1. The Miracle 2. The Psychology of Golden Ratio 3
1. The Miracle 2. The Psychology of Golden Ratio 3. Fibonacci retracement 4. Fibonacci expansion 5. Retracement Vs Expansion 6. The power of Basic of Elliot Wave Analysis 8. Aplying Elliot Wave Analysis & Fibonacci 9. Entry & Exit Rules 10. Identifying Divergence. 11. Aplying divergence, fibonacci & wave analysis

7. Special Thanks to:
Mr. Mochammad Yusuf (Chairman Asosiasi Analis Teknikal Indonesia)
Mr. Imran S. Dalimi
Mr. Cornelius Luca (Market Technician Association)

8. Percentage retracements
All trends are subject to price retracements and reversals.
Trend analysis should help you identify trend reversals.

9. Bullish Trend
Dikatakan Bullish jika harga membentuk pola HH (higher high) dan HL (Higher Low) dimana harga selalu membuat new high. Jika terjadi koreksi/penurunan tidak pernah melampaui harga low dari koreksi sebelumnya

10. Bullish Trend HH HL

11. Bullish Reversal PointHH LH LL HL
Reversal Point
Note: Reversal point ketika harga menembus trough sebelumnya

12. Bearish Trend
Dikatakan Bearish jika harga membentuk pola LH (Lower High) dan LL (Lower low) dimana harga selalu membuat new Low. Jika terjadi koreksi/Kenaikan tidak pernah melampaui harga high dari koreksi sebelumnya

13. Bearish Trend LH LH LL LH LH LL LL LL LL

14. Bearish Reversal PointLL HL LH HH
Reversal Point
Note: Reversal point ketika harga menembus peak sebelumnya

15. Sideways HH HL
Kondisi sideways biasanya ditandai dengan terbentunknya “Chart Pattern”

16. Fibonacci Ratio 233/144 = 1,618 377/233 = 1,618 610/377 = 1,618
Angka Fibonacci: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, ….
Didapat dari menjumlahkan 2 bilangan sebelumnya
Golden Ratio (1.618) didapat dengan membagi angka setelah deret ke 13 dengan angka sebelumnya
233/144 = 1,618
377/233 = 1,618
610/377 = 1,618

17. Fibonacci Sequence and Ratio
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144,
233, 377, 610, 987, 1597, 2584, 4181, (etc.) 55 17

18. Golden Ratio

19. Retracement Analysis
Obvious Not obvious

20. Percentage retracements
Fibonacci ratios
.146 = (-3√5 + 7)/2
.236 = (or .618*.382)
.382
.5 (not really)
.618
.786 = √.618
.854

21. Fibonacci Retracement
Sell
Jika Market Bearish angka 0 ditempatkan di Low dan angka 100 ditempatkan di harga High.
Posisi yang diambil adalah sell ketika menyentuh retracement 2/3 atau 66

22. Fibonacci Retracement
Buy
Jika Market bullish angka 0 ditempatkan di high dan angka 100 ditempatkan di harga low
Posisi yang diambil adalah sell ketika menyentuh retracement 2/3 atau 66

23. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

24. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

25. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

26. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

27. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

28. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

29. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Townsend Analytics Ltd.

30. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Townsend Analytics Ltd.

31. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

32. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

33. Applying Fibonacci
Notice not exact prices… support becomes resistance when broken
Chart © 2008 Finance Chart

34. Golden ratios of multiple moves
The retracements
of an initial trend
remain in effect for
as long as the
original high and low
remain in effect.

35. Fibonacci retracements (monthly)

36. Fibonacci retracements (weekly)

37. Fibonacci retracements (daily)

38. Fibonacci retracements (hourly)

39. Multiple Fibonacci retracements

40. Extensions When a rebound from retracement of a previous
trend exceeds the previous
high (in an uptrend) or low
(in a downtrend), erase the
old retracements and
apply extensions.

41. Extensions
Retracement ratios are equally valued for targeting prices on extensions.
In the case of the Gann ratios, the extensions will be placed at: 1.125, 1.25, 1.375, 1.5, 1.625, 1.75 and
In the case of the Fibonacci ratios, the extensions will be placed at: 1.382, 1.5 and

42. Extensions – USD/BRL

43. Extensions

44. Extensions

45. Extensions

46. Fibonacci Multipliers
Fibonacci divisions are divisions of 1.
Fibonacci expansions are Fibonacci ratios, which when multiplied equal 1.
.236 * 4.236
.382 * 2.618
.5 * 2
.618 * 1.618
.764 * 1.309

47. Fibonacci Multipliers Application
Assume B-A = .382
Multiplier of .382 = 2.618
If B-A = 100 points, then the target becomes 261.8
Add to A
The target is very aggressive B A

48. Fibonacci Multipliers Example

49. Extend in the Direction of Trend

50. Fibonacci Multipliers
Primary Ratios
# * 1.618
# * 2.618
Secondary Ratios
# * 1.309
# * 2
# * 4.236

51. Extend Retracement from Pullback
C to D = (B – A) *.618
or 1 or 1.618
Long-term targets A C D B B D C A

52. Extend Retracement from Pullback

53. Fibonacci Multipliers
Primary Ratios
# * 1.309
# * 2
# * 4.236
Secondary Ratios
# * 0.382
# * 0.5
# * 2.618
# * 4.236

54. Fibonacci Time Extensions

55. Fibonacci Time Extensions

56. Fibonacci Time Extensions

57. The power of retracement 2/3 (Bullish)

58. The power of retracement 2/3 (Bearish)
Skenario: Sell 1 lot di retracement 66. Sell double cover (2lot) di Retracement 100
1 lot di likuidasi di retracement 66 1 lot di hold sampai retracement 0 (Take profit

59. Oscillator Indicator
Relative Strength Index (RSI)
Stochastic Oscillator
Williams % R

60. Oscillator Signal
Overbought / Oversold
Crossover Signal
Convergence & Divergence

61. Overbought / Oversold

62. Overbought / Oversold

63. Crossover Signal

64. Crossover Signal

65. Divergence

66. How to Trade Divergences

67. Regular Divergence

68. Hidden Divergence

69. Rules For Trading Divergence

70. Rules For Trading Divergence

71. Rules For Trading Divergence

72. Rules For Trading Divergence

73. Rules For Trading Divergence

74. Rules For Trading Divergence

75. Rules For Trading Divergence

76. Rules For Trading Divergence

77. Divergence Cheat Sheet

78. Divergence Cheat Sheet

79. DIVERGENCE CLASS A B C

80. Types of Divergences
Divergences, whether bullish or bearish in nature, have been classified according to their levels of strength. The strongest divergences are Class A divergences; The medium are Class B divergences; and The weakest divergences are Class C. The best trading opportunities are indicated by Class A divergences, while Class B and C divergences represent choppy market action and should generally be ignored.

81. CLASS A DIVERGENCE
Class A bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a previous rally. Class A bearish divergences often signal a sharp and significant reversal toward a downtrend.
Class A bullish divergences occur when prices reach a new low but an oscillator reaches a higher bottom than it reached during its previous decline. Class A bullish divergences are often the best signals of an impending sharp rally.

82. CLASS B DIVERGENCE
Class B bearish divergences are illustrated by prices making a double top, with an oscillator tracing a lower second top.
Class B bullish divergences occur when prices trace a double bottom, with an oscillator tracing a higher second bottom.

83. CLASS C DIVERGENCE
Class C bearish divergences occur when prices rise to a new high but an indicator stops at the very same level it reached during the previous rally.
Class C bullish divergences occur when prices fall to a new low while the indicator traces a double bottom. Class C divergences are most indicative of market stagnation - bulls and bears are becoming neither stronger nor weaker.