This concept is known as Fibonacci Clustering. (many fib sets on eachother)
All Schematics have both Support and Resistance for future swings.
I will add more images below for you so you can visually understand what the Support and Resistance stems from.
Go to the linked idea for extra details if you want.
All Schematics have both Support and Resistance for future swings.
I will add more images below for you so you can visually understand what the Support and Resistance stems from.
Go to the linked idea for extra details if you want.
Note
FULL MACRO (BACK TO) 1955
Note
FULL DOWNTREND FROM ATH WITH SUPPORT SCHEMATICS (DOWN)
Note
Last Piece of Fibonacci for this idea. There is one last piece of Fibs that I am about to post as this but better^^^^
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.