Trying to look at use cases for Fib and retracement over the last few days. I've noticed regular investments every 6 hours or so - coming in burst of 3 then some consolidation before march onwards. I tested out the Fib to understand how deep the retracements are - typically 38% from low start of move to high point. Expecting a small drop to 11,212 before breaking through. As with all trends - once spotted they typically do the opposite :))
Newbie so any recommendations or suggestions on Fib welcome
HF
Comment
⋅
Looks like retracement is in effect now - just hit the mark.