This is just a pattern I noticed and I'm publishing to see how it plays out. I don't know anything about FIB's or waves. I just noticed a pattern. Thanks for looking
Note
I am a new trader learning TA, and I like learning by doing. I am posting these ideas for my own educational purposes only. These are not predictions or advice. This is just work I am doing and keeping track of so I can learn to recognize trends, and learn from my mistakes. Thanks :)Note
I just noticed that when you zoom in and out the FIB's move. I don't know if this is a feature of FIBs or not...but it messes up the bounces. Just keep that in mind (I really don't know fibs:)Note
LTC Price feel out of the channel at the point it should have bounced off the 12 EMA. I am unsure of where the price may go from here.Note
*Fell
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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.