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Using Fibonacci Spirals With Fib Price Theory
Even though I was interrupted by a phone call (lol) hear the end of this video, it still clearly illustrates how to use Fibonacci Price Sprials in conjunction with Fibonacci Price Theory to identify breakouts and targets.
Remember, I don't believe Fibonacci Price Spirals are very useful for targeting/predicting trends. I do believe they act as a means of identifying phases/cycles related to price though. And that could be helpful for traders trying to catch/identify opportunities for trades.
Hope this helps.
Remember, I don't believe Fibonacci Price Spirals are very useful for targeting/predicting trends. I do believe they act as a means of identifying phases/cycles related to price though. And that could be helpful for traders trying to catch/identify opportunities for trades.
Hope this helps.
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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.