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 Retracements

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 18 23.4 0.17% 0.19% 5.4% -1.6% -9.8%
SHORT 18 12.7 0.11% 0.13% 2.0% -3.1% -46.2%

Summary

Technical Analysis

Wellcom (WLL.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.


Wellcom (ASX:WLL) : The current Fibonacci Retraction levels are:
(23.61%) $6.7
(38.2%) $6.74
(50%) $6.77
(61.8%) $6.79

The current support levels are:
(78.6%) $6.83
(100%) $6.88
(138.2%) $6.97
(161.8%) $7.02
(261.8%) $7.25
(423.61%) $7.62



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: Wellcom (WLL.AX)


Stock Exchange: ASX
Company: Wellcom
Ticker Codes: | WLL.AX | ASX:WLL |

About Wellcom (ASX:WLL):

Wellcom Group Limited provides advertising and marketing content production and content management services in Australia, the United Kingdom, New Zealand, Asia, and the United States. The company offers creative production services, including studio creative, photography, and retouching; adaptation services for print, digital, and video content; and Knowledgewell, a marketing software for marketing resource, campaign, digital asset, workflow, and print management. It also provides design and artwork services; and television production, digital print, and computer to plate production services. The company was founded in 2000 and is based in Port Melbourne, Australia.

Top 10:

Fibonacci Retracements

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