ZRX with impulse core (blue zone) and redux (red retracement). Two interesting fibonacci setups.
- White circles indicate pings where price has a strong reaction to the fibonacci levels.
- Impulse core from 2017
Note
3 pings on the 1hr chartNote
Price found support after the 8th Fibonacci Time Zone (21) on the 1 week chart which is a potential reversal zone. This is shown in the chart below with the current level of support marked in red as "Point of control".
Note
Levels playing out well
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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.