Hey there! 🌟 Guess what? I've just whipped up my very first skin for TradingView, and it's got this super chill blue vibe! 🌊 Not only is it a treat for the eyes, but it's also packed with snazzy animations and color pops. 🎨✨ I'm super curious - what do y'all think? Got any cool suggestions or tweaks in mind? Fancy using this theme? Drop your email in the...
Wave Relationships and their relation by Fibonacci Ratios are among the most helpful tools for target prediction. There are different types of Fibonacci and different tools with different names in different software packages. This may make users somehow confused . Here, we try to shed some light on various mostly used Fibonacci types and explain their usage...
In this video I show you how to properly use TradingView's Fibonacci Tools. Using gold as an example, we will go into the Fibonacci Retracement and the Trendbased Fib Extension Tool. Have a great evening and a profitable day. RT
👨🏫 A students ask me to clarify a strategy I use when momentum trading using retracements in something I call the "Springboard Effect" The theory is, the deeper the retracement after the initial impulse move the less chance of an extension or "strength" of the continuation. I like to use the analogy of a Spring Board, (or diving board) and the stiffness of the...
Hello guys :) In the previous tutorials we have taught you what Elliott wave theory is. In this tutorial we're going to talk about extensions. we have an extension in either wave 1, 3 or 5. Follow me for more tutorial. Cheers :)
Looking at the Elliot Impulses from the 2017 bull market start using 1.9 worked well to find the 5th wave extension target once wave 4 was identified. This is different from the usual target of around 1.25 to 1.618 max in a regular choppy market. 1.8 to 2.0 is a good region but it seems like 1.9 is a decent average. Things are starting to gets a little crazy...
Hey guys, this is the first video about FIBONACCI and some theory "behind the scenes" which is meant to show you how Leonardo Fibanocci disvoered an additional law. Hope you enjoy itt :-) Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need more education or signals? PM me. :-)
Fibonacci expansion is usually used to forecast key levels and areas where a price movement will have a high probability of exhausting in relation to the previous correction. Practical Exercise 1) Pick a currency pair, it can be any currency pair, any timeframe. 2) Based on the most recent development in price, apply the fibonacci expansion tool. 3) Post...
You can use it for different things. my main use for it is to project targets based on impuls legs. not always will price follow the AB=CD target. instead it often reverses before reaching point D. This tool can help you identify alternative targets. Technically speaking the shown example of usage isn't called a fib extension but a fib expansion. you can get fib...
You can use it for different things. my main use for it is to project targets based on impuls legs. not always will an ABCD pattern have the AB=CD 1:1 ratio. CD will often be in a fib ratio to AB like indicated on the chart. using the tool you can find different levels quickly and even set your own custom level values. You can find it in your drawing toolbar by...