Price prediction based on EW and fibonacci retracements/extensions, in time and price.
Bit of an experiment of min to see how accurately these 2 tools can predict price movements, when used optimally.
I use retracements/extensions from the two largest timeframe waves, and where lines are close together, I consider this a "double wall" and an area of probable resistance.
Bit of an experiment of min to see how accurately these 2 tools can predict price movements, when used optimally.
I use retracements/extensions from the two largest timeframe waves, and where lines are close together, I consider this a "double wall" and an area of probable resistance.
Kommentera:
Here it is without the auxillary indiactors
Kommentera:
Kommentera:
My auxilary indicators show weak momentum and trend strength, low volatility and volume drying up