Read as is, you are responsible for your trades
Fib Retr:
Black dotted lines: (Weekly chart)Higher value and lower value
Grey dotted lines: (Weekly Chart) Opens & Closes
Blue Dotted lines: ( Daily Chart ) Open & Closes
So I have noticed that with the fib retr. tool is somehow possible to find future movements of price, determine resistances & supports, daily open or close prices. It seems to me there is a high probability that the daily candle will close around the 15.7 price(today or tomorrow).
Lets see how the market moves.
Not an expert,no degrees, Just trying to understand
Fib Retr:
Black dotted lines: (Weekly chart)Higher value and lower value
Grey dotted lines: (Weekly Chart) Opens & Closes
Blue Dotted lines: ( Daily Chart ) Open & Closes
So I have noticed that with the fib retr. tool is somehow possible to find future movements of price, determine resistances & supports, daily open or close prices. It seems to me there is a high probability that the daily candle will close around the 15.7 price(today or tomorrow).
Lets see how the market moves.
Not an expert,no degrees, Just trying to understand
Trade closed: target reached
As I said... 15.71 daily candle close
Note
So let's see. An other possible trade on the same idea.Not an expert. Just learning trading and tech analysis.
You are responsible for your accounts and trades. I just publish so I can analyse my self better after.
Related publications
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.
Related publications
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.