This chart is a combination of 3 Fib channel, Fib retracement and Fib time ! Confluence areas of the fibs are key price zones to watch❕
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Fibonacci Retracement is an essential technical analysis tool that uses percentages drawn on price charts to identify potential areas of support and resistance. I worked with 3 Fib channels in this chart, 2 upward, 1 downward, 2 channels go from the 2017 top to the current, and to the 218 bottom. 1 down, 1 up. The 3rd from the end of wave 1 from June 24th 19 to to the current top.Fib retracements 1x of 2018 correction.1x of the entire upward wave.and current downward wave.Fib time from start of wave 1 to beginning wave 3
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My followers have been making a big ride with me since I posted.One of the few who called this big correction at the beginning of April .I am a private person and am available for questions almost 20 hours a day, Donations via TradingView coins also help me a great deal at posting more free trading content.thanks
masterpiece bro!, i don't publish charts like that because i think hard to understand to 95% peoples.
TR7z
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@thecryer, thanks bro, you are certainly right. I have been fascinated by Fib charts from the beginning, but it also took me longer to fully understand them ... rock on
O_Positive
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@thecryer, ^ That descirbes me... I'm on a quest of knowledge... TY to TR7z for more...
I would love to understand this chart better. is there any way you could help me do that?
TR7z
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@farrukh1feroze, hey, i have described the mooring points in the chart, you can try to trace it. unfortunately can't describe it better in english, but you can find a lot on the web under fibonaccitrading
farrukh1feroze
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@TR7z, thank you! I will try to retrace your setups though would be tough :) thank you for replying back though!
TR7z
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@farrukh1feroze, it is not setup, just a roadmap, you can find simpler setups here
ibrahimali307
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sir, please give details with chart so more and more traders benefited from this. thank you