I may have found something very interesting.

7 Mar 2021

We all know that a very big proportion of trading is done with black boxes or algorithms. Its very hard to read them and even harder to predict their next move because they are calibrated to change on regular basis. But I have found many times that it mostly bounce of levels where there is a confluence of two indicators. And it does that 2 times and changes to something else. In this case i am using fibb extension and ema and smas and trying to find that confluence.



Please like or comment thanks

7 Mar 2021

Not

that was on a 4 hour chart

11 Mar 2021

Not

Reversal at fibbs spot on