This is a knowledge oriented video and I hope someone gains a bit of something from it.
This is a knowledge oriented video and I hope someone gains a bit of something from it.
In this lesson, I shared with you the types of pullbacks Be careful, pullbacks are breaks in the middle of the trend Poolbacks do not have the strength of main steps In my opinion, the best type of trading with pullbacks is to recognize the completion of these corrections patterns so that we can move in the direction of the trend at the right point. Of course, it...
Hey traders, In this article, we will discuss 3 classic Fibonacci tools you must know. 1️⃣Fibonacci Retracement Fib.Retracement is my favorite fib.tool. It is aimed to identify strong horizontal support and resistance levels within the impulse leg. We draw this tool based on the high and low of the impulse (from wick to wick) and it shows us POTENTIALLY...
In this post, I will explain what jumping S-curves means and how you can identify potential S-curves before they jump . First, let's begin with the chart above (also copied below). This is a yearly chart of McKesson Corporation (MCK), a medical supplies company. As you can see in the chart below, this stock has been soaring over the past year despite most...
Hello, Let us talk about 'Fibonacci.' On this chart: You will read about where it came from? Why do we use it, and where does it help us. Before we dive in to talk about Fibonacci Retracement levels and their use in trading, Let us talk about the origin of Fibonacci : It all started with rabbits. Yes, Rabbits! Fibonacci became interested in a strange...
Hello, Let's stop reading the charts for a while and instead learn how to read them. There are many indicators and strategies which we can use to get better readings and understand the market better. Under this post, please leave comments and tell us which indicators or strategies you want to know about more. Which ones are more helpful? Which ones aren't...
Although Elliott Wave Theory is vast subject and needs in depth study, I'm sharing a cheat sheet for those who have started to learn about the same. This should help them in understanding things better. Also, try to correlate the cheat sheet with Nifty50 daily chart and be amazed to see how nicely the Elliott wave principles were followed there in the recent...
For this reason, we added it with the number 2 because we are in section 2-3 of the Fibonacci series 1-find exactly target af The last wave 2-square root of that 3-Using the previous major wave This video is just to show the power of mathematics in this market to find targets and to show the importance of the Fibonacci series. Important note: Do not use this...
In this short video, I will teach you to apply Fibonacci retracement tool. We will discuss the common levels to apply. I will show you real market examples and we will discuss important theory. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
If you enjoyed the turorial please comment below and i will upload more of these educational videos.
Price pulled back and closed at the 38.2% Fibonacci Retracement Level ; 50% Fibonacci Retracement Level ; Horizontal Support Resistance Level ; EMA 10 Support Level ; EMA 20 Support Level. These conditions created a favorable environment for a long position in the currency market. Watch for more of these conditions for high probability trade set ups.
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines...
Watch this short clip for my top 5 pairs beginner should look to trade starting out and even as you advance in your career. Emjoy!!!
A. Fibonacci Series 01. The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers. 02. The Fibonacci sequence is as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, … B. Properties Of The Fibonacci Series 03. The series extends...
It is important to remember that just because you have a completed zig zig, you do not necessarily have a completed correction... it could only just be the beginning. Please like and follow if helpful. Cheers!
How can we find a Potential Reversal Zone? Is it enough to just make a simple Retracement or we can make our support zone narrower? how can we be more confident about our possible supports? What are Fibonacci levels for different types of Fibonacci and what are typical ones among them? How can we implement different wave degrees to make our PRZ even...
⚠️Fibonacci levels are one of the most popular tools for analysis. These are price levels that are located in certain parts of the movement corresponding to the mathematical Fibonacci numbers. ✅What are Fibonacci numbers? 🟢In the XIII century, the famous scientist Leonardo of Pisa lived in the Republic of Pisa – the first major medieval mathematician in...