Fib Clusters

Know where to buy and sell
Know where to know you're wrong on a trade.
Know where support becomes resistance
Know where resistance becomes support
Fibs and Fib extensions used. Extensions have black dashed lines.
Rare double 100% Fib extension lines up significantly close to each other.

Areas of support resistance were marked only in areas where 3-4 fibonacci levels came in a range that are close enough in proximity to each other to deem in a significant level.
Any outliers were special support/resistance levels.
Special levels are levels that are significant in their own right.
These levels include:
- All Time High/Major High
- All Time Low/Major Low
- Middle of a Trading Range
- Where 2 fib extensions have confluence support


Follow this for the next 2-3 weeks before entering a trade and assess if you're right or if you need to be patient.

Note to self

- YITB
R Hanni
4.20.18 :)

Kommentera:

Using the "zoom" feature on the far right hand side by prices by clicking and pulling it up or down to widen the picture is helpful to get a less 'busy' chart.

Kommentera:

Came into that 2nd fib cluster support which held nicely. Not as solid of a bounce out of it as I would have hoped for a long position though unfortunately.

Kommentera:

Reached important resistance zone.
PSA

Kommentera:

Rejected Perfectly

Kommentera:

Tested a 2nd time, same level.

Kommentera:

Going for a 3rd time.

Wish I would've moved the red lines further to the right out in time.
Didn't expect the market to move sideways in a 40 point range for 3 freaking weeks though after the 200+ moves we were getting before.