Hey everyone! 👋 Last time we explained some of the basics to know when it comes to understanding the Fibonacci retracement tool. If you haven’t read that post, be sure to check it out here: In this post, we are going to look at the Fibonacci extension along with a few exhibits that may help you solidify your understanding of this unique trading tool....
Most common found pattern. Its temporary pause to extended rally. Key to identify this pattern is rejection after breaking wave A start. Always look for very smaller margin rise above start of wave A. C wave is sharp fall to reach 0.382 Fibonacci retracement of rally. All other details explained in chart. Comment your doubts.
Understanding the overall structure. :- Here it is simple higher high higher low structure. Stock currently above previous higher high. How to Set Targets using Fibonacci extensions. First Identify the swing. here it is 308 to 1389. then place Fibonacci tool. After placing look at 38.2% 50% 61.8% levels if the stock has faced major resistance or support or...
Hi guys, I have finally completed the thread on Fibonacci (Though it took longer than usual). I have tried with the best of my little knowledge to create this thread. This has everything you need to know about Fibonacci retracement and Fibonacci extension. Also, if the thread is free that doesn't mean I have compromised with the quality. All you have to do is just...
The Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action. The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart. In the chart above, price was rejected twice forming a double top which is a fairly strong...
It seems BTCUSD is in its reversal mode. As per harmonic patterns, it's not beyond $35000 in this run. As per crab Harmonic pattern, it has already achieved the of XA leg i.e.1.618 level. Whereas it is just waiting to achieve the extreme level of projection of BC leg i.e. 3.618 level.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...
NSE:BANKNIFTY SIMPLE PATTERNS NO ABRUPT MOVEMENT CALM DAY
BREAKOUT EXPLAINED BEST ENTRY WHERE TO TAKE PARALLEL CHANNEL FORMS KEY SUPPORT DURING PULLBACK MY CPR AND FIB LEVELS GIVES US THE TARGET PRECISELY