Ok Madness = NOT AS MAD AS IT LOOKS!
1. Firstly Fib Parallel Channel (Tool = Fib Channel)
------------------------------------------------------
a) Draw line from Red 1 to red 2 (connecting bottom of channel)
b) Same time pull to the previous high (red 3)
THAT'S THE CHANNEL!
2. Speed Reistsnce Fsn
------------------------------------------------------
1 red to the highest high (Of recent I've realized that yhid can be used all the time not only macro!)
Here -> see comment
-----------------------------------------------------
2.168 fib
Usually best with Eliott Waves (BUY A BOOK - JARROD SANDERS ELLIOTT..)
SO HIGH LOW -> HIGHER LOW .. -- USE FIBS Defaults (then then when defaults run out continue with whole numbers, i.e. 0.618 will become 1.618).
DONT WORRY ABOUT POC and volume for now -> These arent free. Get familiar with Fibs -> they are awesome!
Patience trading -> Patience learning -> you can do it! :) <3 It takes time!
As you can see : This would be taken as a fake out or whatever.. Its all technical (I think)
1. Firstly Fib Parallel Channel (Tool = Fib Channel)
------------------------------------------------------
a) Draw line from Red 1 to red 2 (connecting bottom of channel)
b) Same time pull to the previous high (red 3)
THAT'S THE CHANNEL!
2. Speed Reistsnce Fsn
------------------------------------------------------
1 red to the highest high (Of recent I've realized that yhid can be used all the time not only macro!)
Here -> see comment
-----------------------------------------------------
2.168 fib
Usually best with Eliott Waves (BUY A BOOK - JARROD SANDERS ELLIOTT..)
SO HIGH LOW -> HIGHER LOW .. -- USE FIBS Defaults (then then when defaults run out continue with whole numbers, i.e. 0.618 will become 1.618).
DONT WORRY ABOUT POC and volume for now -> These arent free. Get familiar with Fibs -> they are awesome!
Patience trading -> Patience learning -> you can do it! :) <3 It takes time!
As you can see : This would be taken as a fake out or whatever.. Its all technical (I think)
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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.