Further demonstrating the power of the Circle

HITBTC:CROUSD Chain / US Dollar (calculated by TradingView)
LS = Left shoulder
H = Head
RS = Right shoulder

Just using the Fibonacci circle and establishing support areas, resistance areas, this head and shoulders pattern can be identified
Without the circle, this pattern is very difficult to identify

The main challenge using the circle is identifying the strongest trend. (Green line)
Here is my guide to using the Fib Circle, it truly is a great tool

Also my experimental idea - Fibonacci waves

Comment: Areas of support in Green, Resistance areas in Red


You had me convinced until I saw you were charting ETC and realized you might not no whats going on.
+3 Reply
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