The golden ratio of bottoms
I prefer using the NYC as method to discover what price is really telling us. If you look at the last two major lows (2016) and (2018) from their respected tops, we have retraced to the .618 both times. In 2018 we filled the gap before making lower lows. Does history repeat itself?
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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.