Howdy,
Having picked up on a the large previous descending wedge I have taken the price action after breakout from last wedge and multiplied it by a degree of 0.372 as this was roughly how much smaller the current wedge is. just testing things out really. Have overlayed the new price action onto current Wedge breakout and have taken a look at the Fib numbers which seem to heavily support the same price targets. Note these procedures were done independently of eachother but support eachothers price targets very well. Let's see if Fractals and Fibs can work their magic!
Any questions/opinions appreciated.
Having picked up on a the large previous descending wedge I have taken the price action after breakout from last wedge and multiplied it by a degree of 0.372 as this was roughly how much smaller the current wedge is. just testing things out really. Have overlayed the new price action onto current Wedge breakout and have taken a look at the Fib numbers which seem to heavily support the same price targets. Note these procedures were done independently of eachother but support eachothers price targets very well. Let's see if Fractals and Fibs can work their magic!
Any questions/opinions appreciated.
Note
So far so good!
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.
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.