DOGE HAS MOVED BELOW THE 0.382 and we are closely watching a 0.618 REVERSAL
LET US SEE IF IT BREAKS THE 0.618 so I can run fib extensions for the next movement. THE OPTIONAL TOP-UP AREA WILL DEPEND ON THE SUPPORT LEVEL.
GOING BACK TO MINIMALISM
I am Back to being a Minimalist Trader.
I should have not placed an ABC PATTERN on my previous charts, since patterns are dependent on corrections and extensions, from ABC ,ABCDE,XYZ, AB=CD and so forth .
The minimal use of tools that I am learning are range boxes that can visually show me areas of minor and major corrections/extensions via large and small range boxes.
Fib levels are done just to check on top up areas adding new stop losses and targets in connection with my primary target, which is the large upward swing.
On this chart I placed Fib levels only as an example, that the range boxes being laid out, determines a good entry/exit points, corrections/extensions, and top up zones zones that determines such moves in advance. Having said so, I will not complicate things and stick to a minimalist approach to trading that is easy for me and fits my trading psychology and risk appetite.
I would like to thank my Mentor for all the blessings of wisdom, God Bless You!
Happy Trading Everyone!
Note:
Run your Fibs at top and bottom of
the big and small range boxes together
with your chart for your targets.
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology .
Postings done most of the time will be
delayed, as it takes time for me to finish
on several assets.
Updates will be posted religiously if time
permits.
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology .
Postings done most of the time will be
delayed, as it takes time for me to finish
on several assets.
Updates will be posted religiously if time
permits.
LET US SEE IF IT BREAKS THE 0.618 so I can run fib extensions for the next movement. THE OPTIONAL TOP-UP AREA WILL DEPEND ON THE SUPPORT LEVEL.
GOING BACK TO MINIMALISM
I am Back to being a Minimalist Trader.
I should have not placed an ABC PATTERN on my previous charts, since patterns are dependent on corrections and extensions, from ABC ,ABCDE,XYZ, AB=CD and so forth .
The minimal use of tools that I am learning are range boxes that can visually show me areas of minor and major corrections/extensions via large and small range boxes.
Fib levels are done just to check on top up areas adding new stop losses and targets in connection with my primary target, which is the large upward swing.
On this chart I placed Fib levels only as an example, that the range boxes being laid out, determines a good entry/exit points, corrections/extensions, and top up zones zones that determines such moves in advance. Having said so, I will not complicate things and stick to a minimalist approach to trading that is easy for me and fits my trading psychology and risk appetite.
I would like to thank my Mentor for all the blessings of wisdom, God Bless You!
Happy Trading Everyone!
Note:
Run your Fibs at top and bottom of
the big and small range boxes together
with your chart for your targets.
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology .
Postings done most of the time will be
delayed, as it takes time for me to finish
on several assets.
Updates will be posted religiously if time
permits.
This is not a piece of financial advice.
I am just a student and still learning.
Adjustments will be made in
accordance with The Dynamics of the
Market along with Trading Psychology .
Postings done most of the time will be
delayed, as it takes time for me to finish
on several assets.
Updates will be posted religiously if time
permits.
Trade active:
Trade active:
Trade active:
Bullish sign developing. 19mins to go on my countdown timer. If the bar closes at 1.618 Fib level, we are looking at a reversal that will be a measured move.
Happy Trading
Happy Trading
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