1st High: Price makes new high
1st Low: Price rejected on the 0.5/0,618 Fibonacci Zone
Higher High/HH: Price reaches 1.618/1.85 Fibonacci Zone, rejected at trendline
Higher Low/HL: Price rejected to 1st High (0.5 Fibonacci Zone of the whole structure)
Lower High/LW: Price failed to make a new high, rejected at trendline => Break of trend, confirmation for trendreversal
Same Low/L: Price makes consolidation => Orderblock Zone/Banks will enter in this zone for sell
Lower High 2/LW 2: Price rejected at 0.5 (1.309) Fibonacci Zone
Bankmovement: Sellpresure triggered orderblock, price goes to 1st Low
GG Ez MatrixV
1st Low: Price rejected on the 0.5/0,618 Fibonacci Zone
Higher High/HH: Price reaches 1.618/1.85 Fibonacci Zone, rejected at trendline
Higher Low/HL: Price rejected to 1st High (0.5 Fibonacci Zone of the whole structure)
Lower High/LW: Price failed to make a new high, rejected at trendline => Break of trend, confirmation for trendreversal
Same Low/L: Price makes consolidation => Orderblock Zone/Banks will enter in this zone for sell
Lower High 2/LW 2: Price rejected at 0.5 (1.309) Fibonacci Zone
Bankmovement: Sellpresure triggered orderblock, price goes to 1st Low
GG Ez MatrixV