Note: 0.382 | 0.50 | 0.618 & 0.786 retracement levels.
Tips: Watch out for Cups, Flat Bases, Cup-With-Handle Bases & the Double Bottoms. These are the most successful base patterns.
The first 3 ratios act as compression zones, where the price can bounce around like a pinball, while the .786 marks a line in the sand, with violations signaling a change in trend.
Key Level: 0.5 Fibonacci Retracement
Tips: Watch out for Cups, Flat Bases, Cup-With-Handle Bases & the Double Bottoms. These are the most successful base patterns.
The first 3 ratios act as compression zones, where the price can bounce around like a pinball, while the .786 marks a line in the sand, with violations signaling a change in trend.
Key Level: 0.5 Fibonacci Retracement
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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.