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 Extensions

Score

-3.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 22.3 0.00% 0.00% 0.0% -9.0% -107.5%
SHORT 12 38.6 0.33% 0.50% 14.6% -10.6% -26.7%

Summary

Technical Analysis

Orocobre (ORE.AX)


Indicator:

FIBONACCI EXTENSION


Signal Strength: MEDIUM
Recommendation:

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


Orocobre (ASX:ORE) : The current Fibonacci Extension levels are:
(23.61%) $2.68
(38.2%) $2.59
(50%) $2.52
(61.8%) $2.45

The current support levels are:
(78.6%) $2.34
(100%) $2.21
(138.2%) $1.97
(161.8%) $1.83
(261.8%) $1.21
(423.61%) $0.2



Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level they are frequently used by traders to determine areas that will bring in profits.

Calculation: Fibonacci Extensions:
1) Uptrend: D = B — (A — B) x N%;
2) Downtrend: D = B + (B — A) x N %;
3) Fibonacci Levels:
61.8%
100%
138.2%
161.8%
261.8%
423.6%;


PROFILE: Orocobre (ORE.AX)


Stock Exchange: ASX
Company: Orocobre
Ticker Codes: | ORE.AX | ASX:ORE |

About Orocobre (ASX:ORE):

Orocobre Limited explores for and develops lithium and potash deposits in Argentina. Its flagship project is the Salar de Olaroz lithium project located in north-west province of Jujuy. The company also produces boron minerals and refined chemicals. Orocobre Limited is based in Milton, Australia.

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Fibonacci Extensions

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