if you draw trend base fibo EXTENTION(projection) you will see 16000 (orange fibo in photo)
tradingview.com/chart/jtsoM2GC/
if you draw it on last N shape ,it give you gap1=14850 and gap2=14650 seller target
note=fibo extention most important level=61%-100%-161% hide others (it is good on zigzag markets like dow dax,not good for trendy markets like gold,forex)
fbs.com/img/analyticguidebooks/345/1593089214-754b66d8d5c42c6abcbbabfc5571ce17_1200x1200_q90v3.png
how load it in Metatrader
tradegoldtrading.com/index.php/how-to-draw-fibonacci-expansion-levels-on-metatrader-4-platform
tradingview.com/chart/jtsoM2GC/
if you draw it on last N shape ,it give you gap1=14850 and gap2=14650 seller target
note=fibo extention most important level=61%-100%-161% hide others (it is good on zigzag markets like dow dax,not good for trendy markets like gold,forex)
fbs.com/img/analyticguidebooks/345/1593089214-754b66d8d5c42c6abcbbabfc5571ce17_1200x1200_q90v3.png
how load it in Metatrader
tradegoldtrading.com/index.php/how-to-draw-fibonacci-expansion-levels-on-metatrader-4-platform
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.