On this chart I drew the forks on the main swings, as i was looking at the chart all this fibonacci wooowooo became clearer and clearerer.... btw we looove the wooowooo.
You are probably looking at some of these fib values and wondering where they come from or if I just made them up to suit me. NO!
My mentor backtested all of these over 15 years and thousands of charts and i am eternally grateful for that.
The circled points are the main Energy points that jumped out to me, but thats definitely not all of them.
The Green Horizontal lines are overlaps of up to 6 different Support&Resistance in combination with Fibonacci values. Again these INS lines are not random, they are S&R that is being calculated based on previous day price action, so as of monday they will change again but we do see some nice reverse compliance over the past.
This post (comment) is for educational purposes only. Past trading results DO NOT guarantee future performance.
You are probably looking at some of these fib values and wondering where they come from or if I just made them up to suit me. NO!
My mentor backtested all of these over 15 years and thousands of charts and i am eternally grateful for that.
The circled points are the main Energy points that jumped out to me, but thats definitely not all of them.
The Green Horizontal lines are overlaps of up to 6 different Support&Resistance in combination with Fibonacci values. Again these INS lines are not random, they are S&R that is being calculated based on previous day price action, so as of monday they will change again but we do see some nice reverse compliance over the past.
This post (comment) is for educational purposes only. Past trading results DO NOT guarantee future performance.