when you focus to understand the psychology of the market far of math and statistics calculations you notice that the investor’s habit is repeated by the time over and over again, based on it we can make sure that the prices can do the same cycle repeated by the time because is human actions
The third newton's law called ACTION/ REACTION . shows that at each action match to an equal reaction and with an opposite sign. this rule focus the possibility that, at the end of a bullish movement ,there will be a downward reversal, able to bring the prices back to their point of Departure . in the opposite , after a long bearish movement , prices can turn upside down and start an up-trend which, from a theoretical point of view, could bring them back to the highest reached previously. ( gianluca defendi )
OK ,NOW MOVING TO ANALYS THE CHART WITH BASIC INSTRUMENT, YOU WILL NOTICE THAT THE BEARISH MOVEMENT HIT THE fibonacci 23.6 AND WENT DOWN TO FIBO 100.0 , the same thing will happeen , these will be the next movement of the trend
let me know if you like my analysis :)
The third newton's law called ACTION/ REACTION . shows that at each action match to an equal reaction and with an opposite sign. this rule focus the possibility that, at the end of a bullish movement ,there will be a downward reversal, able to bring the prices back to their point of Departure . in the opposite , after a long bearish movement , prices can turn upside down and start an up-trend which, from a theoretical point of view, could bring them back to the highest reached previously. ( gianluca defendi )
OK ,NOW MOVING TO ANALYS THE CHART WITH BASIC INSTRUMENT, YOU WILL NOTICE THAT THE BEARISH MOVEMENT HIT THE fibonacci 23.6 AND WENT DOWN TO FIBO 100.0 , the same thing will happeen , these will be the next movement of the trend
let me know if you like my analysis :)