fract

General Electric: 1H Scheme III

NYSE:GE   GENERAL ELECTRIC CO
Map of Support/Resistance fibonacci system of targets in respect to the recent fractal of decline.
MADE FOR MONITORING THE PRICE ACTION ONLY
Reference idea:

Comments

What is the significant of the purple area?
Reply
fract ffeizian
@ffeizian, Well, I assume you already know about price mechanism and the fact that the cheaper is the price, the more people are willing to buy and vice versa. The gradient indicates the intensiveness of demand at given level. Hence, we would know how pullback fits into the scheme, if it declines breaking supports in terms of fib, and vice versa at growth.
It’s all about breaking each unit and moving to the other, regardless the direction of price change or whether you’re bullish or bearish.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out