E.Anagnostou

Gold/U.S Dollar.Numbers tell the truth....(?????)

FX:XAUUSD   Gold/U.S. Dollar
74 2 0
Hello.
1st Resistant at fibo 0%
2nd Resistant at fibo 23.6%
3rd Resistant at fibo 38.2%
4th Resistant at fibo 50%

231 bars / 140 bars =1.65
140 bars / 83 bars =1.69

1.69-1.65=0.04
Then in propotion 83 bars / X bars =1.69 + 0.04=1.73 =>X=48 bars

But in 48 bars we should have a lower high than the previous and that we have is a low spot.
If we assume that numbers tell the truth the only way to be this low spot a NEW high is when we enter a new decline stage with lower highs in a downtrend rallie.
Did numbers tell the truth????
Do you believe in numbers??
We will see.
Thanks and good trades.






szczeepan
2 years ago
it make no sense. that 4 periods gave us 4 resistance and now we shoud have 5th resistance but i dont see it.
Reply
E.Anagnostou szczeepan
2 years ago
Thats the point.The results(from these numbers) show us that we will not have 5th resistance and we have enter a decline stage (downtrend).Of course i have make the assumption that the resistance levels move in an almost fixed propotion(1.65, 1.69,1,73).If the assumption is wrong then my analysis is wrong.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out