Plotted are 3 different sets of Fibonacci Extensions.
Each fib is like a "ruler" calibrated to a specific wave.
Every level is relevant, especially the confluence zones.
4372.6 is the key level to break and hold as bottom marker.
4343.6 is immediate support that strong bull would hold.
4222-4224 is key support for bulls to defend as a higher low.
4073-4019 should have been the bottom and NOT be retested.
The origin of the above fibs are shown in this DAILY View (click).
.
Each fib is like a "ruler" calibrated to a specific wave.
Every level is relevant, especially the confluence zones.
4372.6 is the key level to break and hold as bottom marker.
4343.6 is immediate support that strong bull would hold.
4222-4224 is key support for bulls to defend as a higher low.
4073-4019 should have been the bottom and NOT be retested.
The origin of the above fibs are shown in this DAILY View (click).
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.