RHTrading

Fib Clusters

RHTrading Güncellendi   
SP:SPX   S&P 500 Endeksi
Know where to buy and sell
Know where to know you're wrong on a trade.
Know where support becomes resistance
Know where resistance becomes support
Fibs and Fib extensions used. Extensions have black dashed lines.
Rare double 100% Fib extension lines up significantly close to each other.

Areas of support resistance were marked only in areas where 3-4 fibonacci levels came in a range that are close enough in proximity to each other to deem in a significant level.
Any outliers were special support/resistance levels.
Special levels are levels that are significant in their own right.
These levels include:
- All Time High/Major High
- All Time Low/Major Low
- Middle of a Trading Range
- Where 2 fib extensions have confluence support


Follow this for the next 2-3 weeks before entering a trade and assess if you're right or if you need to be patient.

Note to self

- YITB
R Hanni
4.20.18 :)
Yorum:
Using the "zoom" feature on the far right hand side by prices by clicking and pulling it up or down to widen the picture is helpful to get a less 'busy' chart.
Yorum:
Came into that 2nd fib cluster support which held nicely. Not as solid of a bounce out of it as I would have hoped for a long position though unfortunately.
Yorum:
Reached important resistance zone.
PSA
Yorum:
Rejected Perfectly
Yorum:
Tested a 2nd time, same level.
Yorum:
Going for a 3rd time.

Wish I would've moved the red lines further to the right out in time.
Didn't expect the market to move sideways in a 40 point range for 3 freaking weeks though after the 200+ moves we were getting before.

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.