Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Fibonacci Retracements

Score

0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 29.2 0.31% 0.45% 7.7% -1.9% 17.6%
SHORT 16 17.3 0.13% 0.14% 10.3% -2.3% -11.8%

Summary

Technical Analysis

Cochlear (COH.AX)


Indicator:

FIBONACCI RETRACTION


Signal Strength: MEDIUM
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.


Cochlear (ASX:COH) : The current Fibonacci Retraction levels are:
(23.61%) $204.74
(38.2%) $187.88
(50%) $186.15
(61.8%) $184.41

The current support levels are:
(78.6%) $181.94
(100%) $178.79
(138.2%) $173.17
(161.8%) $169.7
(261.8%) $154.99
(423.61%) $131.19



A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.

Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
a) 23.61%;
b) 38.2%;
c) 50%;
d) 61.8%;
e) 78.6%;
f) 100%,


PROFILE: Cochlear (COH.AX)


Stock Exchange: ASX
Company: Cochlear
Ticker Codes: | COH.AX | ASX:COH |

About Cochlear (ASX:COH):

Cochlear Limited provides implantable hearing solutions. The company offers cochlear implants, including Nucleus 6 system and Kanso sound processors; Carina middle-ear implants and accessories; Baha bone conduction implants, such as Baha attract system, Baha connect system, Baha softband, Baha 5 sound processor, Baha 5 power, Baha 5 superpower, other sound processors, and wireless accessories; and Cochlear true Wireless devices comprising mini microphones, phone clips, and TV streamers. It also provides Cochlear Vistafix bone-anchored facial prosthetic solutions to enhance the attachment and cosmetic outcome of facial prostheses. The company sells its products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cochlear Limited has a strategic collaboration with Sensorion to focus on improving hearing outcomes in patients with cochlear implants. The company was incorporated in 1983 and is headquartered in Sydney, Australia.

Top 10:

Fibonacci Retracements

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