Quick plot to study the behavior based on a weekend gap.
This gap could be an "Impulse" which results in "Ripples".
Or it could be just a minor book-keeping event after all.
Most gaps are attempted to be filled as we know.
Of interest is the reaction (if any) to each fib line.
Partial fills are noteworthy as to which percentage.
1.618 - 1.236 band may prevent closure of gap.
0.382 - 0.618 band should have maximum energy.
2.236 - 2.618 should be max stretch before retrace.
.
See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.
XAU.USD to $1367? (caught most of the spike)
Silver Bounce scalp (Perfect entry, still in play)
DXY top call (Upthrust warning just in time)
SPX recent top (Fib extensions at work)
XAU.USD long to short (recent perfect entries)
USD.JPY short to long (recent perfect entries)
EUR.USD long term Short (the very tippy-top a year ago)
AUD.USD long term Short (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
This gap could be an "Impulse" which results in "Ripples".
Or it could be just a minor book-keeping event after all.
Most gaps are attempted to be filled as we know.
Of interest is the reaction (if any) to each fib line.
Partial fills are noteworthy as to which percentage.
1.618 - 1.236 band may prevent closure of gap.
0.382 - 0.618 band should have maximum energy.
2.236 - 2.618 should be max stretch before retrace.
.
See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.
XAU.USD to $1367? (caught most of the spike)
Silver Bounce scalp (Perfect entry, still in play)
DXY top call (Upthrust warning just in time)
SPX recent top (Fib extensions at work)
XAU.USD long to short (recent perfect entries)
USD.JPY short to long (recent perfect entries)
EUR.USD long term Short (the very tippy-top a year ago)
AUD.USD long term Short (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
.
Note
As expected, the 2.618 was hit exactly, and pulling back .
Note
So there came the attempt to close the Gap .
Note
Sure enough, Gap closed, to the pip .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.