Daily, weekly and even monthly directions of price action are often misleading but every now and then they do offer a glimpse of the long term direction, however that glimpse again is hidden and not obvious. Seeking confirmations about the long term trends in the mundane movements of the markets is a refined art which takes years to polish. This spreadsheet gives you the short cut to knowing the long term direction, without having the skills to discern it from the misleading action on daily, weekly and monthly TFs. Phi 1.618 is the same as the phi involved in the Fibonacci sequence of numbers. However phi on power 1.618^ produces are more stretched out sequence of numbers which has bigger gaps between the price levels. The bigger the gaps between the price levels, the more rarely they are reached, therefore this calculator offers the prices of the long term direction of travel of the asset and not the local tops and bottoms. The Fibonacci sequence does that. It offers the 2:1 proportions of any price levels.
Phi on Power (1.618^) Calculator of Any Trading Asset’s Key Price Exponential Levels Which Act as Long Term Support and Resistance Levels
£41.68
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