AAVE / TetherUS
Updated

AAVE fibonacci spiral idea

420
Geometrical trading is a complex methodology, however it is pretty much intuitive. I consider this kind of methodologies to be obsolete, but they are useful to begin understanding the concept of circularity.

Look at how the price moves insides this spiral. This kind of methodologies is about following shapes.
Trade active
Absolute perfection, the blow off inside the core of the spiral and the rejection right after the date. we are riding this
Trade closed: target reached
target basically reached at the low of the spiral. we look now for a possible inversion or continuation of the downtrend.
Note
inversion happened and we promptly flipped, currently aiming for the above targets of the spiral
Note
the bottom of the spiral has been reached. the trade is concluded

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