I just played with the Fibonacci retracement tool and traced the 5 waves with the minimum expected values.
--> If the probabilty with the retracements remains like this, then we could expect at least these results with the retraced minimum values .
--> Else if it collpases under the starting point of the wave 1 then these retracements should be ignored.
--> If the probabilty with the retracements remains like this, then we could expect at least these results with the retraced minimum values .
--> Else if it collpases under the starting point of the wave 1 then these retracements should be ignored.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.