Default Time Frame = Weekly
Buy Sell zones
- PP 0.00% white line = Pivot point
SR red lines = Support 1, Fibonacci 38.2
SR aqua zones = Support Resistance Trading zone, Fibonacci 61.8~78.6
SR blue lines = Support 4, Fibonacci 100
Zones are fibo 78-100levels.
I would like to ask about the trading zone. The says: SR aqua zones = Support Resistance Trading zone, Fibonacci 61.8~78.6. Nevertheless, when I checked the style, the shaded area corresponds to the 1.0 and 78.6. Just wanted to check if it really corresponds to the 61.8-78.6 area. On the other side, as I am new in this trading career, could you please provide me some light on how this tool works? I am specially bit confused when I choose two certain pivot points, at 1 min resolution for instance, and connect them with Fibo Retracement and sometimes it coincides with the 0.618-0.786 fibos of your tool and sometimes not (even varying the resolution from 1m to 3, 5, 15, 30m).