Simple forecasting with Fibonacci. What to do?
I have plotted the monthly, and weekly and also zoomed in on the daily time frame to get a better view of it. The zone marked are zones that CLUSTERS the daily fibo together with weekly and monthly. There are 4 things to do before you place a trade on it.
1) Wait and let the market touch or come inside the marked zone
2) Wait
3) A bullish candle needs to close above the marked zone
4) Wait for a pullback which I prefer or you can instantly enter the market.
If there is no bullish candle that closes above the zone and continues breaking the zone, expect it to go lower. Don't guess, follow what the market tells you to do.
You can swing this trade all the way to 2026.
1) Wait and let the market touch or come inside the marked zone
2) Wait
3) A bullish candle needs to close above the marked zone
4) Wait for a pullback which I prefer or you can instantly enter the market.
If there is no bullish candle that closes above the zone and continues breaking the zone, expect it to go lower. Don't guess, follow what the market tells you to do.
You can swing this trade all the way to 2026.