Skip to main content
Financial Innovation
Fig. 7 | Financial Innovation

Fig. 7

From: Energy crypto currencies and leading U.S. energy stock prices: are Fibonacci retracements profitable?

Fig. 7

Source: Factset and S&P 500 Dow Jones Indices

KMI retracement levels. Note: Fig. 5 reports the daily equity prices, at close, for Kinder Morgan Inc (KMI). The 23.6%, 38.2%, 50%, 61.8%, and 78.6% Fibonacci retracement levels were applied to KMI prices from November 2017 to January 2020. Swing high and swing low prices were taken as the prices at the start of the current and previous trends.

Back to article page