No matter what the outlook may be, if the price exceeds the 50 Fibonacci Fan level, there is a greater than 50% chance of a sharp correction and a possible reversal of the current bearish trend to a more bullish cycle. Optimism is not going to change this fact.
I use it to measure the corrections.
The Fibonacci Fan is a technical analysis tool used by traders to identify potential support and resistance levels in the market. It is based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the previous two numbers. The Fibonacci Fan is drawn by taking two points on a chart and then drawing a line that is based on the Fibonacci sequence.
I use it to measure the corrections.
The Fibonacci Fan is a technical analysis tool used by traders to identify potential support and resistance levels in the market. It is based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the previous two numbers. The Fibonacci Fan is drawn by taking two points on a chart and then drawing a line that is based on the Fibonacci sequence.
To define trading is to limit trading. Goldman Armi
excessivetrading.com t.me/excessivetraders
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To define trading is to limit trading. Goldman Armi
excessivetrading.com t.me/excessivetraders
excessivetrading.com t.me/excessivetraders
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.