Financial Innovation

Table 2 Behaviour of price violations

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

	Uptrend				Downtrend
	23.6%	38.2%	50%	61.8%	23.6%	38.2%	50%	61.8%
1 Day prior to current break
Energy stocks
KMI	0	0	2	3	3	0	1	0
XOM	0	2	1	0	4	2	0	1
CVX	1	0	1	1	3	4	0	0
COP	0	0	0	0	0	0	2	0
SLB	0	0	0	0	1	0	0	0
EOG	0	0	0	0	0	1	1	1
OXY	0	0	0	1	3	1	1	0
MPC	4	0	1	1	0	2	1	0
PSX	0	0	0	1	0	0	0	0
VLO	1	1	0	0	0	0	0	0
Cryptos
SNC	0	0	0	0	0	0	0	0
POWR	0	0	0	0	0	1	2	0
GRID	0	0	0	0	0	1	2	0
TSL	0	0	0	0	0	0	0	0
	23.6%	38.2%	50%	61.8%	23.6%	38.2%	50%	61.8%

	Uptrend				Downtrend
	23.6%	38.2%	50%	61.8%	23.6%	38.2%	50%	61.8%
2 Days prior to current break
Energy stocks
KMI	0	0	4	0	0	1	0	1
XOM	3	0	0	0	1	1	2	1
CVX	0	2	0	0	2	0	1	0
COP	0	0	0	0	0	1	0	1
SLB	0	1	0	0	0	0	1	1
EOG	0	2	1	0	1	1	0	1
OXY	0	0	0	0	0	3	2	0
MPC	0	0	0	1	0	0	0	0
PSX	1	0	0	0	1	0	0	1
VLO	0	0	1	0	1	0	1	0
Cryptos
SNC	0	0	0	0	0	0	0	0
POWR	0	0	0	0	0	0	0	2
GRID	0	0	0	0	0	0	0	2
TSL	0	0	0	0	0	0	0	0
	23.6%	38.2%	50%	61.8%	23.6%	38.2%	50%	61.8%

	Uptrend				Downtrend
	23.6%	38.2%	50%	61.8%	23.6%	38.2%	50%	61.8%
3 Days prior to current break
Energy stocks
KMI	0	0	1	1	0	0	0	1
XOM	0	1	1	0	2	0	0	0
CVX	0	0	2	1	0	0	0	1
COP	0	0	0	0	0	1	1	1
SLB	0	0	0	0	0	0	1	1
EOG	0	0	1	0	0	1	0	0
OXY	0	0	0	1	0	0	0	2
MPC	1	0	1	0	0	0	0	1
PSX	1	1	0	0	0	0	0	0
VLO	1	1	0	0	0	0	0	0
Cryptos
SNC	0	0	0	0	0	0	0	0
POWR	0	0	0	1	0	0	0	1
GRID	0	0	0	1	0	0	0	1
TSL	0	0	0	0	0	0	0	0
	23.6%	38.2%	50%	61.8%	23.6%	38.2%	50%	61.8%

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