So many markets respect the 1.61 and 2.0 fibonacci extension you simply have to include this into your trading.
Find a market on the daily chart that is about to go up again. Then enter at the end of the correction (for example 1.61 fib extension).
Target is now 2.59 the fib extension above and after that the target 2.67
I still recommend buying at the POC but using these fib targets really improve my results...
Find a market on the daily chart that is about to go up again. Then enter at the end of the correction (for example 1.61 fib extension).
Target is now 2.59 the fib extension above and after that the target 2.67
I still recommend buying at the POC but using these fib targets really improve my results...
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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.