What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Fibonacci Fans

Score

-0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 21.8 0.43% 0.67% 6.7% -5.2% -6.5%
SHORT 15 31.9 0.33% 0.50% 4.9% -7.0% -46.1%

Summary

Technical Analysis

IMF (IMF.AX)


Indicator:

FIBONACCI FANS


Signal Strength: MEDIUM
Recommendation:

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


IMF (ASX:IMF) : The current Fibonacci Fan levels are:
(23.61%) $3.98
: (38.2%) $4.05
: (50%) $4.11
: (61.8%) $4.17

The current support levels are:
(78.6%) $4.25
(100%) $4.36
(138.2%) $4.55
(161.8%) $4.68
(261.8%) $5.17
(423.61%) $5.98



Fibonacci Fan lines are trend lines based on Fibonacci retracement points. Rising fan lines extend up from a trough and pass through retracement based on the advance (trough to peak). These fan lines can then be used to estimate support levels or potential reversal zones. Falling fan lines extend down from a peak and pass through retracements based on the decline (peak to trough). These fan lines can then be used to estimate resistance levels or potential reversal zones. This article will explain the Fibonacci ratios and provide examples using Fibonacci Fans to project support and resistance.

Calculation: Fibonacci Fans:
1) Uptrend Fan line 1: Drawn from extreme low through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme low through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme low through 50% retracement level on “invisible” vertical line Fan line;
c) Drawn from extreme low through 61.8% retracement level on “invisible” line;
2)Downtrend Fan line 1: Drawn from extreme high through 23.6% retracement level on “invisible” vertical line;
a) Fan line 2: Drawn from extreme high through 38.2% retracement level on “invisible” vertical line;
b) Fan line 3: Drawn from extreme high through 50% low retracement level on “invisible” vertical line;
c) Fan line 4: Drawn from extreme high through 61.8% retracement level on “invisible” vertical line;


PROFILE: IMF (IMF.AX)


Stock Exchange: ASX
Company: IMF
Ticker Codes: | IMF.AX | ASX:IMF |

About IMF (ASX:IMF):

IMF Bentham Limited investigates, manages, and funds litigation claims in Australia, the United States, Canada, Singapore, Hong Kong, New Zealand, and Europe. The company's practice areas include commercial litigation, funding for insolvency, class actions, and arbitration. Its services include funding for litigations; factual investigations preliminary to litigations; appeal funding; payment of adverse costs orders; strategic planning, monitoring, and managing of litigation; and assistance in facilitating settlements and maximizing the value of claim. The company was formerly known as Bentham IMF Limited and changed its name to IMF Bentham Limited in November 2014. IMF Bentham Limited was incorporated in 2017 and is based in Sydney, Australia.

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Fibonacci Fans

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