Hello all,
This idea illustrates confluence factors pointing long for cable. We have multiple FIB timing elements ie. 55, 89 time counts and 76.4% plus 38.2% Price retracements, along with a nice 0 - 3 Centre Line Reaction. I also have the current low ( if it holds ) as a P4 going to a P5. My experimental TIK fork confirming the Hit and rejection at this level is just one more reason I'm bullish on the Daily.
This idea illustrates confluence factors pointing long for cable. We have multiple FIB timing elements ie. 55, 89 time counts and 76.4% plus 38.2% Price retracements, along with a nice 0 - 3 Centre Line Reaction. I also have the current low ( if it holds ) as a P4 going to a P5. My experimental TIK fork confirming the Hit and rejection at this level is just one more reason I'm bullish on the Daily.
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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.