Wait For Price To Break Trend Line. Wait For Price To Close Below Trend Line. Watch For A Price Action Signal To Form On The Retest. Watch For A Rejection Candlestick or a Pin Bar. In the example below, the candlestick wick protrudes through EMA 10, EMA 20, Trend Line, and 50% Fibonacci Retracement Level. Enter at the close price of rejection candlestick....
Wait for a Price Action Signal to form at the following support resistance levels. EMA 10 Level EMA 20 Level Fibonacci Level Horizontal Level Set Target at the next support resistance level. Set Stop Loss Below EMA 20 Price and Low Price of Price Action Signal Candlestick. Enter at close price of Price Action Candlestick. Engulfing Candlestick at Support...
I am trying to learn and share what I have learned. Here is a tutorial on how to use Fib Retracement Tool and Fib Extension Tool.
Fibonacci is a great tool that I have learned to use in different trading situations. One of the great features of the Fibonacci ratios is the ability to reveal market information. In this video, I demonstrated how you can use the Fibonacci to confirm a trend change or a retracement. Enjoy!
After the Pin Bar Formed At The EMA 10 EMA 20, Do The Following Actions Draw Your Fibonacci Retracement Levels Draw Horizontal Support Levels Enter At Pin Bar Close Price Exit At The Previous Swing Low Level The attributes that made this a quality Pin Bar: Pin Bar Close Price is in the Fibonacci Retracement 50% and 38.2% Range Area Pin Bar Close Price is in the...
Hello traders, in this post, we will be going over one of the most commonly used tools in the equities (stocks), forex (fx), and cryptocurrency markets - the "Fibonacci Retracement". For a better viewing experience, please view this on your desktop/PC, as the mobile and tablet versions of the charts are harder to read. Although I have briefly touched on how to...
Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...
👨🏫 A students ask me to clarify a strategy I use when momentum trading using retracements in something I call the "Springboard Effect" The theory is, the deeper the retracement after the initial impulse move the less chance of an extension or "strength" of the continuation. I like to use the analogy of a Spring Board, (or diving board) and the stiffness of the...
A more in depth explanation for the US30 strategy using FIB/SuperTrend/MACD
If you are struggling with the identification of accurate trading entries, you definitely should try confluence zones . Note: there are hundreds of variations of confluence elements. In this example, we will discuss trend lines and fibonnachi. ❗️To identify a confluence zone, the price must follow a trend line (it should match higher lows if the market...
In this post, I'm going to focus on Fib Retracement and Fib Extension Ratios by Elliott Wave, and show you how to best use these tools. Fibonacci ratios are mathematical ratios derived from the Fibonacci sequence.The Fibonacci sequence is the work of Leonardo Fibonacci. Fibonacci sequence is used in many applications, movies and photography, space studies,...
Hi crypto traders, After many years of using Fibonacci retracement, my predictions started to be less relevant since Trading View started allowing to change the fib levels from regular scale to LOG scale. Since then I got confused especially with crypto that many coins 10x easily. So i decided to get my own fib levels tool (feel free to back test it on your...
I have updated my Retracements Level script to alert traders to long term Support and Resistance levels based on 50% Fibonacci levels. I think that this is a simple and highly valuable tool that every trader should have in their toolbox to identify key levels that price may respect. In this video I go over the many uses: -Long term levels for Entering and...
Fibonacci Retracement is the only instrument that, sometimes, I use in my graphs. To draw it correctly, you must draw it from the lower point to the higher one of the movement that you are analyzing. Once the price reaches the 0.5 zone, you can place your entry. Many like also the 0.61 level, you can add it from the settings.
This is a quick tutorial on the Trend based Fib Time. Please like the video if you thought it was helpful, and follow us for more quick tutorials and ideas! Let us know down in the comments what tool do you want us to do a tutorial on.
One fairly easy and useful pattern for determining reversals is the AB=CD pattern. The pattern simply looks for two rising or falling legs up or down respectively. Then one simply measures the retracement level from point B followed by the projection from C (luckily tradingview has a tool to assist with this). If these values equal a 0.618 or 0.786 retracement...
1. Find a suitable trend / swing You can basically find trends in every chart. The fibonacci tool achieves the best results with strong trend movements. So look for strong impulses! 2. Detect the start and the end of the trend The Fibonacci can be used variably. In my experience, the longer swings work better. 3. Drag the fibonacci tool from the start to the...
Hi traders! Working process of any trader is usually related with usage of different tolls. These tools are invnted to make traders’ life easier. For instance, you shouldn’t just build lines of support and resistance by yourselves, just choose 3 main points and use Fib ExtensionMany of you asked us, what tools we usually use in our daily stuff. Well, we use many...