Fibonacci retracements are a cornerstone in the toolkit of many traders, offering a mathematical approach to identifying potential areas where reversals may occur. This article delves into the intricacies of using Fibonacci retracements, covering everything from basic understanding to strategies involving other indicators. Read on to gain insights into how to...
take a look at this video if you want to see how I set up a range based on daily ATR and figure a valid "day trading range"
Fibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of...
This is the biggest misconception I see with (new) U.S. traders - day traders especially - and nobody is talking about this! You need to learn when the daily candle prints!! If your guru didn't teach you this.. it's probably time to find a new one..
When I put these two tricks together, entering low time frame positions got way smoother. Give it a try and see if it clicks for you—I'm hope you find this valuable 🚀
The price touched the line with specific angle that covers ATH and (current) Lower High. I consider it as a point of reference because current observable price can be explained with that vector. The line separates 2 outcomes: Continuation of the uptrend Rejection Significant reversals that caused the structure to look the way it looks are: "ATH" 4...
Basics of Elliott Wave Principles explained in the simplest possible way.
On the chart I include the formula and a example of how to get shirt term price targets using the retrace theory. Basic retracement theory (B-A)+C (130.77-128.71)+129.94=$132 the low = A the retrace high = B current retracement low = C Trend Strength Maximum Retracements Upside Targets (downside targets are inverse) Very Strong -14.6% to 23.7% A to B added...
VOLUME WARNING! My computer's mic is insane and I don't have any recording equipment so I apologize for the lack of video quality. Hopefully, my insights make up for that. Here is a quick video previewing my trading system and what I will be looking for in the next week of trading. 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of...
Fibonacci interconnectedness of impulsive and corrective waves. Impulsive. Since Time is taken into account in terms of angles, the Fibonacci channels derived from multi fractals simulate phenomenon of the order in chaotic price action. More like projection of Levels of Probability like in QM, where Interference Pattern derived from waves of probability in...
Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023 FOREXCOM:XAUUSD Ict power of 3 is a strategy that reveal the market maker algorithm model for price delivery. Power of 3 simply means there are 3 things market makers algorithm do with price in ever trading days. Those 3 things are; Accumulation, Manipulation and Distribution. AMD: A:...
Have you ever wondered why price action sometimes forms a bull flag pattern? Have you ever wondered if there is a way to predict whether a bull flag will break out before it actually does so? In this post, I will try to address these questions by presenting a couple of theories about the nature of bull flags. Bull Flag Theories (1) The flag structure of a...
How much ... and when? What else is there to know? Enjoy this multi-timeframe tour of the XAGUSD chart to learn how I find MAJOR reversals and targets BEFORE price action reaches them. As always, I strive to produce charts that speak for themselves, and yet this is my video debut here on Tradingview, and I could not be more pleased to narrate this unusual...
Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency. Support & Resistance can show the upper and lower limits of price movement in a certain time. *) Resistance is the upper limit to limit prices from rising further. *) Support is the lower limit to limit prices from falling...
In the vast cosmos of forex trading, Fibonacci tools serve as celestial guides for traders seeking precision and insight. These mathematical wonders unlock hidden patterns, potential reversals, and projection zones in price charts. In this comprehensive exploration, we'll embark on a cosmic journey to discover the four essential types of Fibonacci tools that...
Hey there, crypto enthusiasts! Let's take a closer look at the recent Bitcoin pump that didn't quite take off as expected. It turns out, we encountered a significant resistance level at the 0.5 Fibonacci retracement on the Fibonacci retracement tool. 📊💡 🌐 The Fibonacci Fascination: Before we delve into the recent action, let's touch on the golden tool of...
Good Afternoon everyone, I will show in depth order entries in this post, read the updates to see. This idea was formed last night around 10PM NY Time. I originally was hoping to trade up into the most recent Order Block (green path arrow) during the London session and end at the Terminus -4 around 8:00AM NY time. I then would've liked to see accumulations...
The trading landscape in the 21st century is characterized by a revolutionary fusion of cutting-edge technology and financial acumen. As the accessibility of trading increases, traders wield a versatile suite of tools that encompass chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator. This in-depth exploration delves into the...