1st High: Price makes new high
1st Low: Price rejected on the 0.5/0,618 Fibonacci Zone
Higher High/HH: Price reaches 1.618/1.85 Fibonacci Zone, rejected at trendline
Higher Low/HL: Price rejected to 1st High (0.5 Fibonacci Zone of the whole structure)
Lower High/LW: Price failed to make a new high, rejected at trendline => Break of trend, confirmation for trendreversal
Same Low/L: Price makes consolidation => Orderblock Zone/Banks will enter in this zone for sell
Lower High 2/LW 2: Price rejected at 0.5 (1.309) Fibonacci Zone
Bankmovement: Sellpresure triggered orderblock, price goes to 1st Low
GG Ez MatrixV
1st Low: Price rejected on the 0.5/0,618 Fibonacci Zone
Higher High/HH: Price reaches 1.618/1.85 Fibonacci Zone, rejected at trendline
Higher Low/HL: Price rejected to 1st High (0.5 Fibonacci Zone of the whole structure)
Lower High/LW: Price failed to make a new high, rejected at trendline => Break of trend, confirmation for trendreversal
Same Low/L: Price makes consolidation => Orderblock Zone/Banks will enter in this zone for sell
Lower High 2/LW 2: Price rejected at 0.5 (1.309) Fibonacci Zone
Bankmovement: Sellpresure triggered orderblock, price goes to 1st Low
GG Ez MatrixV
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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.