Previous Analysis: This is not trading/financial advice.
Price likes to revisit zones, zones were price stopped and price visited once (TF dependent) establishes an area that attracts price. However if rejected, zone becomes a strong boundary for a probable duration of time. Price rarely leaves an area to never return. Yellow represents a strong attraction for price. Blue Repels. Previous Analysis: This is not...
Previous Analysis: This is not trading/financial advice
4 hour Bitcoin chart - bullish Price likes to revisit zones, zones were price stopped and price visited once (TF dependent) establishes an area that attracts price. However if rejected, zone becomes a strong boundary for a probable duration of time. Price rarely leaves an area to never return. Yellow represents a strong attraction for price. Blue Repels.
Fibonacci levels can become powerful ways to find almost EXACT support and resistance levels and also time your trades. I have used them to predict turning points in markets on short time periods but they also are predictive in larger time frames. How to Align Fibonacci Levels: A very good and objective way to draw your Fibonacci levels is to use Gann...
Since price being transient on a specific price for two consecutive times is rare, price has high probability of revisiting the left broken TZ (scroll chart a bit too see it)...
Potential forming Transient Zone (PTZ) invalidation trade