📉 We use the Fibonacci retracements for spotting discount and premium levels in a range.
📝 We draw the Fibonacci tool from the bottom to the top in an uptrend, and from the top to the bottom in a downtrend.
Terminologies:
EQL: equilibrium = a state of physical balance (50%).
Discount: we buy from
Premium: we sell from
To make it more approachable, we can...
*This Content is for Education Purpose only*
In this example, we will show an example on how to combine discount pricing, TLL and demand zones to find high probability entries. First, we will locate the range we are currently trading in. Our target will be the next high that we expect to be taken out. In this case will it be the Swing High. The protected low we...