No matter what the outlook may be, if the price exceeds the 50 Fibonacci Fan level, there is a greater than 50% chance of a sharp correction and a possible reversal of the current bearish trend to a more bullish cycle. Optimism is not going to change this fact.
I use it to measure the corrections.
The Fibonacci Fan is a technical analysis tool used by traders to...
The last drop from the begining of 2020, used with the previous minimum in price drop to determine the pitchfork projection forecast. Enjoy the levels on the stock market!
TOTAL COVID-19= Heikin Ashi Candles
Gold = Yellow line chart
EUR = Blue line chart
BTC = Orange line chart
USD = Purple line chart
OIL = White line chart
So you can clearly see the different reactions vs. the total COVID-19 cases reported worldwide:
TOTAL COVID-19= Heikin Ashi Candles
Gold = Yellow line chart
EUR = Blue line chart
Bitcoin = Orange line chart
USDollar = Purple line
