joebitcoinorg

Playing with the Fibonnaci Circles on the Silver Market

TVC:SILVER   CFDs on Silver (US$ / OZ)
I retraced the yellow converging wedge back to it's convergence point "A". From "A" I constructed a Fibonacci circle by stretching to point "E" so that the center circle intersected the second red/maroon wedge perfectly at point "C".
I noticed "D" was when I became interested in drawing the circles. It denotes and found many convergence points where the price met the yellow wedge lines. Then I constructed the red/maroon wedge on the new direction upward. I made this circle "G" from "B" to "H" so that "F" intersected the transition point from the yellow wedge to the Red/Maroon wedge.

Well I hope this helps somebody.

I'm Joe Baker from Forgiveness Capital. We convert injury, need, and loss into financial instruments for the world to use to the primary benefit of the injured party, needy person etc...

RemedyCoin.com

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.