By using FIBONNACCI tool to detect the 50% that divide between premium and discount price
You can detect the turning point by this tool ,when you draw the FIBONNACCI retracement on every swing high and low which can detect it by using H1 TF.
The price these turning point twice
1870 turning point ,the price get it two times on 10-feb-2023 and 14-feb-2023
1845 turning point ,the price get it two times on the same date 23-feb-2023
With each second visit there is a more lower low in the structure until the price trending down to the new swing and play the same game
I think that no one can detect the behaviour of the market
But
EVERYTHING CAN HAPPEN
EVERY MOMENT IN MARKET IS UNIQUE
THE MARKET REPEAT ITSELF EVERYDAY
You can detect the turning point by this tool ,when you draw the FIBONNACCI retracement on every swing high and low which can detect it by using H1 TF.
The price these turning point twice
1870 turning point ,the price get it two times on 10-feb-2023 and 14-feb-2023
1845 turning point ,the price get it two times on the same date 23-feb-2023
With each second visit there is a more lower low in the structure until the price trending down to the new swing and play the same game
I think that no one can detect the behaviour of the market
But
EVERYTHING CAN HAPPEN
EVERY MOMENT IN MARKET IS UNIQUE
THE MARKET REPEAT ITSELF EVERYDAY
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.