So here I'm trying the fibonacci sequences onto the graph of IOTA. I havn't done that much with the fib tools but after some reading I would like to test this Idea of mine.
The red points should be the points to buy. The retracementpoints will be the test whether it will bounce up as a upwards, or a downward trendline.
The elliot inpulse wave hopefully will be the upwards progression if it bounces up from the 61.8 fib line.
Lets see what it does.
**Legal bullcrap**:
This is only my opinion, make of it what you wish.
it's not advice or recommedation to buy or sell anything! Its only meant as a informative or entertainment purposes only.
The red points should be the points to buy. The retracementpoints will be the test whether it will bounce up as a upwards, or a downward trendline.
The elliot inpulse wave hopefully will be the upwards progression if it bounces up from the 61.8 fib line.
Lets see what it does.
**Legal bullcrap**:
This is only my opinion, make of it what you wish.
it's not advice or recommedation to buy or sell anything! Its only meant as a informative or entertainment purposes only.
Note
I had to reopload the idea since it somehow it still showed the older version. I adjusted the fibonacci fan to a lower point in history. nothing much is chages except the position of the fan.see:
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.
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.