Price today was rejected at a 1.618 Fibonacci level. I entered a successful short position and intend to get back in for another day trade.
Since it previously reacted to a Fibonacci level, it may continue to do so.
The 1.618 for Fibonacci 2 happens to be the start of Fibonacci 1, which is also a previous high/resistance point.
Price is already headed down.
I'm looking for an entry based on a 50% retracement from a Fibonacci on the 5 minute chart, which I have since deleted.
The target is the 1.618 Fibonacci level for Fibonacci 2.
KEY:
-White Horizonal Lines: Previous High or low/resistance level.
-Fibonacci Retracement: I've removed all the levels except 0, .50, 1, 1.618, and 2.618.
Since it previously reacted to a Fibonacci level, it may continue to do so.
The 1.618 for Fibonacci 2 happens to be the start of Fibonacci 1, which is also a previous high/resistance point.
Price is already headed down.
I'm looking for an entry based on a 50% retracement from a Fibonacci on the 5 minute chart, which I have since deleted.
The target is the 1.618 Fibonacci level for Fibonacci 2.
KEY:
-White Horizonal Lines: Previous High or low/resistance level.
-Fibonacci Retracement: I've removed all the levels except 0, .50, 1, 1.618, and 2.618.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.