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Sunday, July 18, 2021

Let’s fib this

Let’s fib this


N let’s see what fib has to say

C and d are wicks made most likely on sundays opening typical forex bs.
Wick can b seen as rejection or acceptance.
Rejection showing lack of higher interest
Acceptance by triggered higher orders so price can go higher

Here we see acceptance at least with c taking out b order making d go higher as e took out d order so will we go higher?
Interesting enough d rejection is the .5 of the high low made from c acceptance.
Will the next swing following this be the rejection of the .6 made from e?
Or will cde be a head n shoulder with cause the trendline break?
Also from d to e price is at the .6

Your thoughts?

from TradingView Ideas
via gqrds

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