HuskyJ
Long

Too good to be true?

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Possible flag forming between FibR 1 and FibR 2
Double bottom at base of flagpole providing solid support

Comments

1 question, why do you neglect that wig to 275 at 9 am? That breaks your flag. Is there something I do not know about analysis why you would ignore such a huge movement with big volume?
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HuskyJ profghibli
@profghibli, I had it on the wick to start off but looking through the time frames that was only up there for a maximum of 10min and was instantly rejected. I then used the real body high and found that the Fib R matched the chart more closely.

i.e. I back tested the Fib R and found that using the real body on the 4h eliminated the noise.
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