Read as is, you are responsible for your trades
Fib Retr:
Black dotted lines: (Weekly chart)Higher value and lower value
Grey dotted lines: (Weekly Chart) Opens & Closes
Blue Dotted lines: ( Daily Chart ) Open & Closes
So I have noticed that with the fib retr. tool is somehow possible to find future movements of price, determine resistances & supports, daily open or close prices. It seems to me there is a high probability that the daily candle will close around the 15.7 price(today or tomorrow).
Lets see how the market moves.
Not an expert,no degrees, Just trying to understand
Fib Retr:
Black dotted lines: (Weekly chart)Higher value and lower value
Grey dotted lines: (Weekly Chart) Opens & Closes
Blue Dotted lines: ( Daily Chart ) Open & Closes
So I have noticed that with the fib retr. tool is somehow possible to find future movements of price, determine resistances & supports, daily open or close prices. It seems to me there is a high probability that the daily candle will close around the 15.7 price(today or tomorrow).
Lets see how the market moves.
Not an expert,no degrees, Just trying to understand
Trade closed: target reached:
As I said... 15.71 daily candle close
As I said... 15.71 daily candle close
Not an expert. Just learning trading and tech analysis.
You are responsible for your accounts and trades. I just publish so I can analyse my self better after.