Applying curves to mimic exponential slope function behind candle formation.
Comparing to use of straight lines for identifying trends.
Why? Since there is no straight lines in nature or most of physical processes. Market is alive entity which vibrates and application of straight lines is not exactly what I'm looking for.
After new formed candles we will se how market behaved to such obstacles. It's like we're giving the market lead knowing it's nature of price in given time.
Not reversing at this current fib means that it extends to next from starting point as whole fib (Fib expiration). More it accumulates, the more potent gets opposite market incentive.
Alignment of Fib retracement of a wave to previous is sign that it is measured without imbalance.
Mind violet zone or even better mind intersections with normal trendlines which proves interconnectedness of tables drawing tools which are actually based on candles.
Evaluation a wave in terms of the other makes sense because of cause-effect chain emerging in respect to its timing.
I labeled as Education/tutorial because I'll learn from market's behavior myself. Making it public so other people are also part of my journey.
Comparing to use of straight lines for identifying trends.
Why? Since there is no straight lines in nature or most of physical processes. Market is alive entity which vibrates and application of straight lines is not exactly what I'm looking for.
After new formed candles we will se how market behaved to such obstacles. It's like we're giving the market lead knowing it's nature of price in given time.
Not reversing at this current fib means that it extends to next from starting point as whole fib (Fib expiration). More it accumulates, the more potent gets opposite market incentive.
Alignment of Fib retracement of a wave to previous is sign that it is measured without imbalance.
Mind violet zone or even better mind intersections with normal trendlines which proves interconnectedness of tables drawing tools which are actually based on candles.
Evaluation a wave in terms of the other makes sense because of cause-effect chain emerging in respect to its timing.
I labeled as Education/tutorial because I'll learn from market's behavior myself. Making it public so other people are also part of my journey.
Comment:
Should hold above 241 otherwise It's a sign of oversell which will induce further decline after relative correction.