Trading indicator
Fibonacci FansBacktest 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% |
Trading Performance
Fibonacci Fans
Score
0.5
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 14 | 18.2 | 0.57% | 1.33% | 3.0% | -1.3% | 16.1% |
| SHORT | 14 | 26.4 | 0.29% | 0.33% | 2.6% | -1.4% | -6.9% |
Summary
Technical Analysis
Viva Energy Reit (VVR.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.
Viva Energy Reit (ASX:VVR) : The current Fibonacci Fan levels are:
(23.61%) $2.7
: (38.2%) $2.48
: (50%) $2.46
: (61.8%) $2.43
The current support levels are:
(78.6%) $2.4
(100%) $2.36
(138.2%) $2.29
(161.8%) $2.24
(261.8%) $2.04
(423.61%) $1.73
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: Viva Energy Reit (VVR.AX)
Stock Exchange: ASX
Company: Viva Energy Reit
Ticker Codes: | VVR.AX | ASX:VVR |
Viva Energy REIT was established in August 2016 as the owner of an initial portfolio of 425 service station sites located across Australia; since this time the property portfolio has increased to 437 sites via the acquisition of additional properties. Viva Energy REIT is Australia's largest listed REIT owning solely service station properties with a high quality portfolio of service stations across all Australian States and Territories.
Top 10:
Fibonacci Fans
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| EWC Energy World Corporation | 0.08 | 10.8 | 945,847 | 0.06 | BULLISH |
| PNV Polynovo | 1.4 | 9.8 | 3,261,201 | 0.95 | BULLISH |
| GGG Greenland Minerals | 0.14 | 8 | 2,362,420 | 0.13 | BULLISH |
| CLQ Clean Teq Holdings | 0.32 | 6.7 | 1,263,824 | 0.11 | BULLISH |
| NAN Nanosonics | 5.6 | 5.7 | 3,678,008 | 4.22 | BULLISH |
| GNG GR Engineering Services | 0.85 | 5.6 | 43,068 | 0.85 | BULLISH |
| MVF Monash IVF | 1.46 | 5.4 | 1,302,784 | 0.94 | BULLISH |
| BSA Broadcast Services Australia | 0.3 | 5.3 | 140,508 | 0.1 | BULLISH |
| OMH OM Holdings | 0.91 | 5.2 | 125,747 | 0.45 | BULLISH |
| MEZ Meridian Energy | 4.41 | 5 | 29,189 | 1.47 | BULLISH |