how to predict what's going to happen ...
I start with Elliot waves; 5 legs up ~ 5 legs down, while remaining cautions for 3 leg bounces
but to predict where it will turn, to get into the details of it ... to find good trades, I use Fibonacci circles
I basically start with wildly guessing ... using the previous circle for some part, basic trendlines etc., and then I watch ... and every so often I correct my circles
those corrections are important, so I can get to the point that it has done what it just did ... fairly good predict the next resistance line ...
I think I got it ... this circle is pretty damn good
I start with Elliot waves; 5 legs up ~ 5 legs down, while remaining cautions for 3 leg bounces
but to predict where it will turn, to get into the details of it ... to find good trades, I use Fibonacci circles
I basically start with wildly guessing ... using the previous circle for some part, basic trendlines etc., and then I watch ... and every so often I correct my circles
those corrections are important, so I can get to the point that it has done what it just did ... fairly good predict the next resistance line ...
I think I got it ... this circle is pretty damn good
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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.