JM204r System

### 3. **Fibonacci in the Context of Trading**
Fibonacci retracements and extensions are used to identify potential support and resistance levels:
- **Retracement Levels**: Common levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
- **Extension Levels**: Used for targets or breakouts, such as 127.2%, 161.8%, and beyond.
- Traders use these levels alongside CHOCH to confirm price action at key zones.

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### 4. **with Fibonacci & CHOCH Filter**
**Key Features of the JOYBB_v4Fo Implementation:**
1. - Measure volatility using standard deviation and a moving average.
- Upper, Middle, and Lower Bands are dynamic support/resistance zones.

2. **Fibonacci Filter:**
- Overlay Fibonacci retracement levels on price movements.
- Check confluence between Fibonacci levels and Bollinger Bands.

3. **CHOCH Confirmation:**
- Identify CHOCH zones (key breakouts or breakdowns of structural highs and lows).
- Apply this as a secondary filter for trend confirmation or reversal.

4. **Logic Workflow:**
- Check if the price reacts at a key Fibonacci level (e.g., 61.8%).
- Confirm reversal or continuation via CHOCH (e.g., breaking prior highs/lows).
- Output signal: Enter a trade or avoid false signals by requiring confluence.

5. **Customization:**
- Inputs: Fibonacci levels, CHOCH thresholds.
- Output: Signals on charts (e.g., arrows, zones), buy/sell alerts.

The JM204r trading system identifies trend reversals by detecting breaks in market structure highs/lows. It combines price action with key tools like Fibonacci levels and Bollinger Bands for precise entries/exits.