Simple trading
Using patrons fibonacci RSI and Trendlines
We see a rising wedge we calculate the first high to the low of the wedge and use that to predict a target, we use the fibonacci to find the 61.8%, I have put for myself different values in the fib settings to find targets that works for the market and for me.
With precision the first high to low of the wedge I copy to find the target and matched with my fib setting.
We have enough space on the RSI to make the correction what needed is to get space for the uptrend.
Target 2 is based on the weekly fib what needed is to test on the 61.8 to complete the behavior of the market and follow the uptrend again.
We getting better in understanding the psychology of the markets behavior.
How we see the trendlines react we know there is a understanding on patrons.
Using patrons fibonacci RSI and Trendlines
We see a rising wedge we calculate the first high to the low of the wedge and use that to predict a target, we use the fibonacci to find the 61.8%, I have put for myself different values in the fib settings to find targets that works for the market and for me.
With precision the first high to low of the wedge I copy to find the target and matched with my fib setting.
We have enough space on the RSI to make the correction what needed is to get space for the uptrend.
Target 2 is based on the weekly fib what needed is to test on the 61.8 to complete the behavior of the market and follow the uptrend again.
We getting better in understanding the psychology of the markets behavior.
How we see the trendlines react we know there is a understanding on patrons.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.