Traders Dynamic Index Indicator Alert v0.1 by JustUncleL, on realtime chart shows Red & Green move down to bounce on third line I placed on TDI indicator window & reversed up, as if a continuation of overall trend.
This allows for a new Fibonacci retracement to be placed:
A (0.00%) on low swing of 890,
B (100.00%) high swing of 1004.
From there see it as a retracement/pullback, & I see higher timeframe shows continuation signal up until it may again be considered overbought;
Price retraced to Fibonacci level of 61.8% (0.618) and continued up.
{Foreseeing (127.20%) $1,035, or (161.8%) $1,075]
As sequence follows: 61.8% to 161.8%, & sometimes is rejected near 127.20%.
38.2% to 127.2% ($1017)
By using the Fibonacci tool, and placed it new, I can expect, that as a continuation, as described by the TDI indicator) it will lead to new 127.20% ($1,035 on 30-Min chart) or 161.8% ($1,075 on 30-Min chart)
This allows for a new Fibonacci retracement to be placed:
A (0.00%) on low swing of 890,
B (100.00%) high swing of 1004.
From there see it as a retracement/pullback, & I see higher timeframe shows continuation signal up until it may again be considered overbought;
Price retraced to Fibonacci level of 61.8% (0.618) and continued up.
{Foreseeing (127.20%) $1,035, or (161.8%) $1,075]
As sequence follows: 61.8% to 161.8%, & sometimes is rejected near 127.20%.
38.2% to 127.2% ($1017)
By using the Fibonacci tool, and placed it new, I can expect, that as a continuation, as described by the TDI indicator) it will lead to new 127.20% ($1,035 on 30-Min chart) or 161.8% ($1,075 on 30-Min chart)
Comment:
There are no two other lines mentioned in ^ first sentence of the comment about indicator window, but I left the rayline I was referring to as a bounce, meaning a retracement end, especially if it bounces off the yellow Market Baseline (gold/orange).
Trade closed: target reached:
$1053.56
Fibonacci extension 161.8% reached
Fibonacci extension 161.8% reached
