Fibonacci traders try to grasp the ''pulse'' or ''bandwidth'' of the waves in a movement.
I noticed the above just goofing around, and wanted to put it out there before I forgot about it.
Will update with more thoughts and examples of Fibs once this crash is over :)
I noticed the above just goofing around, and wanted to put it out there before I forgot about it.
Will update with more thoughts and examples of Fibs once this crash is over :)
Note
.Another example of the energy waves on the smallest scales:
.
The Fibs help Elliott Wave analysis.
wave 3's often reach 2.618 of wave 1
waver 5's often dont go much further, usually to next fib.
Thus I can confident in this microscopic 12345.
Then I try to see how that little price fits into the next bigger piece and so on
Note
Another example of how an impulse force and make ripples long after.AUDUSD this time, on 4 hour chart.
Do those lines give any indication of direction?
Of course not. But they are like traffic lights.
IF something is going to happen, it will be LIKELY at one of those lines.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.