Fibs on fibs
Arb potential bounce zone...
Rejected the 4.618 of previous move..
Beginning of exponential price action..
Now we are retesting the 0.618 of that move
This is known as the main bounce zone during bullish price action
With deeper retraces wicking to the 0.5 or usually in a falling wedge/bull flag
Grinding down to the 0.382 for a more highly manipulated coin, or for slower less impulsive market moves/structures..
Arb potential bounce zone...
Rejected the 4.618 of previous move..
Beginning of exponential price action..
Now we are retesting the 0.618 of that move
This is known as the main bounce zone during bullish price action
With deeper retraces wicking to the 0.5 or usually in a falling wedge/bull flag
Grinding down to the 0.382 for a more highly manipulated coin, or for slower less impulsive market moves/structures..
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.