For educational purpose only, this works for me most of the time
Not a prediction
If 0 and 1 fib lines are placed on the correct consolidation spots or stronger support/resistance lines and
if you know that it-(the currency, currency pair) will move up/down, with this technique
you can predict where will be bottom/top with these fib levels: 3.618 (Is guarantee to hit (if placed correctly)),
4 (Is mostly top/bottom) and 4.236 (is hitted when high volatility)
This is just for someone who didn't knew this, or want to try this technique, as personally it usually works out for me.
If 0 and 1 fib lines are placed on the correct consolidation spots or stronger support/resistance lines and
if you know that it-(the currency, currency pair) will move up/down, with this technique
you can predict where will be bottom/top with these fib levels: 3.618 (Is guarantee to hit (if placed correctly)),
4 (Is mostly top/bottom) and 4.236 (is hitted when high volatility)
This is just for someone who didn't knew this, or want to try this technique, as personally it usually works out for me.
Trade ativo:
I stop this target for now as we retested fib line (4) and I'll wait for other confirmations to find next price movement more accurately
Next target 8200