Hey there, crypto enthusiasts! Let's take a closer look at the recent Bitcoin pump that didn't quite take off as expected. It turns out, we encountered a significant resistance level at the 0.5 Fibonacci retracement on the Fibonacci retracement tool. 📊💡 🌐 The Fibonacci Fascination: Before we delve into the recent action, let's touch on the golden tool of...
After the price falls below the contraction zone on the higher timeframe (4H in this case) We look at the MCVF that I made; go to a lower timeframe (5m in this case) The indicator finds contractions in momentum and tells you when price will reverse; almost right at the top;)) I linked the indicator below, make sure to give me a follow and a boost if you like...
There are several types of Fibonacci tools that are commonly used in technical analysis, including: 📊FIBONACCI RETRACEMENT Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.Each level is associated with a percentage. The percentage is how much of a prior move...
Consolidations are range bound. The rules for a breakout (impulse) is to retrace it to confirm the exit, and then strike the low signaling the continuation...the beginning of a trend. Notice the red arrow. The impulse exited a range of a trending zone, but the retrace failed and there wasn't a continuation. That is why to wait to strike bullish reversal....
Both novice and seasoned traders use Fibonacci levels as one of the most common and universal strategies when trading forex and other markets. It is a well-known fact that market prices incline toward levels where the bulk of market orders are gathered. Such levels can be found and predicted using a variety of ways. Systems for trading are built on a variety of...
For Trend Line Breaks, Wait For Time and Space To Occur. In this example, the trend line was broken on August 3rd, 2022 at 15:00. After the break, the Pullback Trader would wait till price retraces back to the broken trend line for an entry. Price retraced back to the trend line on August 11th, 2022 at 19:00. The Trader would have placed their entry at that...
There are several types of Fibonacci tools that are commonly used in technical analysis, including: 🦄FIBONACCI RETRACEMENT Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.Each level is associated with a percentage. The percentage is how much of a prior move...
Watch this clip to learn the 3 types of fibs that I use to refine POIs, create extra confirmation tools along with locating Premium and Discount areas. ENJOY!
To make an assessment if the market has turned bear, during the closing second quarter on 29th June 2022, we discussed on the topic “Using S&P to Identify Recession and on the 19 Jul, 2 weeks ago the tutorial posted here, we studied and expecting this current rebound, topic “Nasdaq a leading indicator of Dow Jones, S&P & Russell”. In today’s tutorial, I thought...
Simply * Back Testing * in the image I tried to put into simplest terms how to differentiate a Reversal Patter vs retracement patterns and Tried to add some context to the topic. This is not financial advise. Another EX:
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...
Welcome Back Please support this idea with LIKE if you find it useful. ********************************************************** Hello.... after I tested this new indicator a lot .. and i found it very useful to find the best key lines on the chart I decided to share it here.... the indicator is depending on stochastic momentum to collect the strongest lines...
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
here we have the total crypto market cap chart at first glance many will just see a "pull back or simply an engulfing. first thing retail will draw is try to call a random bottom without any price action to follow only hope or for the slightly advanced they will try to find some fib and use a random high to open. WRONG WRONG WRONG looking at the rules from the...
Enter when these confluence factors are present. There is a Trend, Level, and Signal. Trend: Up Confluence Factors at the Support Resistance Level: Close Price 96.31 EMA 10 Close Price 96.24 50% Fibonacci Retracement Price 96.15 Horizontal Support Price 95.99 EMA 20 Close Price 95.31 Signal: Rejection Candlestick
Hello, traders! As you can see, SkyRock traders always use Fib tools for our analysis and predictions. We find Fibonacci tools a great powerful series of instruments that’s necessary to use. Today we’ll speak about one of my favorite TA tools - Fib Retracement. Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely...
👨🏫 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...
Using the new TECHNICALS on Tradingview. Added the MA and Oscillator versions separately . MA version shows the trend, entry exit signals being my own strategy and Oscillator version shows the retracements in the trend.