perfectly reached the resistance at 1.27% on fibonacci. For this to happen the harmonic should fall in place nicely. Meaning the Abcde needs to align properly before you can connect A and B to find entry on E. M3 and M5 would be the best way to enter.
Wait for a reversal bar and boom. The idea here is wait for the market to reach the level. Second we find a bar either 4hrs or 1hr to close below the open and below the fibo line. Here is a perfect example on the 4hr.
There was crazy gold rush over the last few weeks. If you chased to enter maybe you're sick now. Now if you came in at 1873 then maybe you came in at the right time. Our target still stands for it to go to 2150 or if it continues longer 2450 is possible. Now gold is coming down again and exciting time to re-enter again.
Zooming out to the bigger time frame from monthly to weekly to daily. We are seeing level confluence at the range. In this drawing, it is just the retracement. If you look at it, there is also an Expansion of 50%. If you take the low of 23rd March with the High of 27 April on the Weekly chart, You'll get 28039. If the week shows negative, we might see some moves...
What are we looking at next week? A possibility of a drop if it breaks out today’s Low. Let’s wait and see once the day completes and when it opens next week. After which, it might be exciting to see what other ways Mr Trump can do to save the market. Before he does something, your Fibonacci can tell you where it’s going. You’re way faster than Mr President. The...
connect 11 may low - 22789 to 8 june high 27636. You will see at 62% 24641 was your take profit if you followed the opportunity last Thursday to go short. it would have given you 2000+ pips. Some are afraid of last Friday's close because it hit 50% and bounced up. again, the golden numbers are important. 62% and 162%. Find your rhythm, I'm a fan of standing aside...
This is the weekly TF, you need to do MTF analysis If you’re looking for something else. Either you use 18213(23rd March) or 22789(11May). It depends on your plan. Personally I love the 62% and 162%. Then again the choice is up to you.
An overlook of bigger time frame (weekly) and smaller time frame (daily) In the next couple of days, if it breaks the low, we might see something. Watch it and Relax. Any other indicators? Nope.. Just fibonacci! The media is not telling us everything. Ignore and thank Mr Fibonacci.
Simple Exercise. Entering with 1hr chart.at 79% reversal bar. Exiting at the last TP level of 162%. Focus on Yellow lines only. Red Arrow entry. Low of that bar, stop loss high of that bar. TP at green arrow of the yellow line. No complicated indicators just Fibonacci.
This is the weekly chart. It’s much cleaner compared to the daily chart. Nevertheless, always use MTF to see the magic.
From my previous ideas, I’ve mentioned that some of the target are met. We are now waiting for a reversal. So if there is no reversal bar in the next couple of days...
We’re looking for the market to continue higher. As of now, there...