Where you start and end the fib trace (0-1) is critical
There will be ''obvious'' points that mostly work fine.
But often the NON-obvious points fit BETTER.
There will be ''obvious'' points that mostly work fine.
But often the NON-obvious points fit BETTER.
Note
The power of FibsNote
Interesting example of fib placement.Instead of starting at the very top of price, I tried a lower peak.
And suddenly the 1.618 and 2.618 extensions locked in perfectly.
So that is what I will use as my Primary Count.
Note
.Interesting development on the original chart above.
Move up overshot the 3.618 due to geopolitical news.
Then rejected, and a new Fib Retrace shows interesting issues.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.