Trying to look at use cases for Fib and retracement over the last few days.
I've noticed regular investments every 6 hours or so - coming in burst of 3 then some consolidation before march onwards.
I tested out the Fib to understand how deep the retracements are - typically 38% from low start of move to high point.
Expecting a small drop to 11,212 before breaking through.
As with all trends - once spotted they typically do the opposite :))
Newbie so any recommendations or suggestions on Fib welcome
HF
I've noticed regular investments every 6 hours or so - coming in burst of 3 then some consolidation before march onwards.
I tested out the Fib to understand how deep the retracements are - typically 38% from low start of move to high point.
Expecting a small drop to 11,212 before breaking through.
As with all trends - once spotted they typically do the opposite :))
Newbie so any recommendations or suggestions on Fib welcome
HF
Note
Looks like retracement is in effect now - just hit the mark.
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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.