Where you start and end the fib trace (0-1) is critical
There will be ''obvious'' points that mostly work fine.
But often the NON-obvious points fit BETTER.
There will be ''obvious'' points that mostly work fine.
But often the NON-obvious points fit BETTER.
Comment:
The power of Fibs
Comment:
Interesting example of fib placement.
Instead of starting at the very top of price, I tried a lower peak.
And suddenly the 1.618 and 2.618 extensions locked in perfectly.
So that is what I will use as my Primary Count.
Instead of starting at the very top of price, I tried a lower peak.
And suddenly the 1.618 and 2.618 extensions locked in perfectly.
So that is what I will use as my Primary Count.
Comment:
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Interesting development on the original chart above.
Move up overshot the 3.618 due to geopolitical news.
Then rejected, and a new Fib Retrace shows interesting issues.
Interesting development on the original chart above.
Move up overshot the 3.618 due to geopolitical news.
Then rejected, and a new Fib Retrace shows interesting issues.
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