Good_Phongram

Good_Phongram

1. Fibonacci Retracement Levels The chart uses Fibonacci retracement levels to track the correction after the price reached a high of around 0.43850. Key levels are: 61.8% (0.40110): This is a significant resistance level. If the price tests this level and fails to break through, it could indicate a potential further downward move. 50.0% (0.38955) and 38.2%...

Good_Phongram

Double Zigzag Wave Rules The double zigzag has rules that govern its shape. They are listed here. The double zigzag is an ABC correction of the motive wave. A double zigzag are two zigzag patterns coupled together by a 'three'. Subwave B in each zigzag falls well short of the start of subwave A.