Draw Fibonacci Retracement Level. Wait For The Pull Back To The 50% Retracement Level. Enter when rejection candlestick forms at the 50% Retracement Level.
This kind of price action happens all the time, you just have to spot it while it's happening so that you can plan your trade and execute. I have put this together to give you an idea of the type of things I look for in the hope that it can help you too. Once price action has made a clear impulse to the upsides and taking out previous structure that's our first...
💫An Education🎓 Series Continuation Prior Episodes Found In The Content Below ❔ What Are Bonds Bonds Are The Foundation Of A Debt Based Monetary System Bonds Define The Cost Of Money Over Time Put Simply Bonds Are Future Dollars Read That Again🔂 US Treasury Bonds Are Future US Dollars Deliverable At A Specified Time In The Future I.e 30 Years...
Dear subscribers, lets come together for an educational article featuring the zurich airport. SIX:FHZN We have published some articles about the Zurich Airport in the past and suspected back then a more bullish structure than this one which we are publishing now. The Zurich Airport company operates and manages the eponymous Zurich Airport in Switzerland, which...
Hello guys, Wish you're all doing fine. Happy New Year. Sorry I wasn't around these past few days. I was on a break during the holidays. I decided to recap the Educational Ideas we posted in 2021. Let's gather them all in one post and take a quick look: First things first, Fibonacci, an excellent tool for analyzing the market: Bollinger Bands, And how they...
This is just a short blog post of a much longer idea! In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits. This is why it is vital to focus on...
Chapter 7: "the Mighty 2.168: like a Rook in Chess" "Impulse" is a surge that creates "Ripples", like a pebble into water. Each of the Ripples has precise bounds defined by the "Golden Ratio". Price will often ricochet, creating a "Ping" that one can almost HEAR. The 2.618 is a Special ratio, 1.618 x 1.618, as the Golden Ratio Squared. It is like a Rook in...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
Just found this interesting to share with you. Golden fibs are calculated by multiplying (1+√5)/2 by the previous golden fib. the rest are calculated by multiplying 1.145,1.236 and 1.382 by the previous golden fib. PS: maybe it's wasn't Maradona but nearing an ATH :)
I'll start off this post with a simple question: why do market technicians place such importance on "confirming" particular areas in a chart? To answer this, we must first understand what confirmation is and what its purpose is. As simply as I can describe it, a confirmation is a technical process of elimination. That is, one can confirm a directional price...
"Impulse" is a surge that creates "Ripples", like a pebble into water. Each of the Ripples has precise bounds defined by the "Golden Ratio". Until a new Impulse occurs, the Price oscillates within "Energy Bands". The Golden Ratio is the underlying building block of the entire Universe. From the Arms of a Spiral Galaxy, to the Bones of Your Fingers, it's in...
I use Fibonacci numbers rather frequently. In fact, the Fib retracement tool is the first thing I reach for when I start on a new chart. However, explanations for how Fibonacci numbers work have always sound woolly and mystical to me. They work because "man is subject to rhythmical procedure", because there is a Golden Ratio that is hidden behind all things,...
Hey traders, In this video, I will teach you the basics of fib. extension & retracement. In this lesson we will cover: Settings for fib.retracement Settings for fib. extension Impulse leg & correct drawing Application in a trending market Let me know in a comment section if you want to see more lessons like that. ❤️Please, support this video...
Hi Trading view Family, Theres lot of noise on social media regarding selling bitcoin, But we should see this scenario before selling bitcoin.On dailt TF we can see a trendline with fib retracement, And till now it is retraceing 0.382 level with 20 EMA support. Along that we also can have testing of 0.5,0.618 level on fibonacci retracement. And high chance is that...
❗️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...
O FGS! Dammit! They gapped it up overnight, what should I do?!? Well what gap is this? Three weeks ago we had Initiation Gap: These often do not fill, don't short them! It's suicide, lol! This has hallmarks of an Exhaustion Gap; it will fill intra-day or within a few sessions at most... a great short opportunity! See my related post on gaps FYI. But, when should...
Long long term just wanted to make it once and follow or update would love to find out how it turns out not a trading advice do your own ta thanks. It's a leading diagonal and no sir no moon sorry till we see a deep deep correction after 75k max.
Here is a visual representation of an Elliott Wave Zig Zag with some common labeling mistakes. Also has some idealized Zig Zag guidelines as well.