When 50% FIB retracement does not hold true for a long or short
With my 3 strong candle displacement theory to the upside or downside leaving a fair value gap.
I have noticed that if there is a strong reaction to the 50th percentile retracement with continuation to the up or downside, this is a confirmation that this may hold through.
But if there is a deep dive below the 50% retracement, it tells me in most cases that we should expect a reversal.
I have noticed that if there is a strong reaction to the 50th percentile retracement with continuation to the up or downside, this is a confirmation that this may hold through.
But if there is a deep dive below the 50% retracement, it tells me in most cases that we should expect a reversal.
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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.