Defining the levels of reversals in terms of fibonacci ratios derived from Convid19 crash. Second alternative colored fib channel is placed in respect to established unity.
Old version contained colored fib channels covering period from 2008 crash.
Whereas in current version, the interconnectedness in fibs are based on metrics of Covid19 volatility ONLY. Derived lines capture the randomness of price action.
Also, downward channels are adjusted to the frequency of shorter composite cycles.
Old version contained colored fib channels covering period from 2008 crash.
Whereas in current version, the interconnectedness in fibs are based on metrics of Covid19 volatility ONLY. Derived lines capture the randomness of price action.
Also, downward channels are adjusted to the frequency of shorter composite cycles.
Сделка активна
Moody’s lowered its assessment of U.S. credit outlook from “stable” to “negative” -Example of bearish catalyst which can reverse the current observable uptrend.
So upper fib crossings closer to the price plays a role of resistance at this instance.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.