Currently viewing the tag: "Fibonacci"
Notice how the entire overnight session was spend in the middle (“No trade”) section. Trade longs out of the top, and shorts out of the bottom, to their respective VPC’s.
Prices retraced back down into the middle trimester, which is a no-trade zone. If prices drop down into the lower trimester, then take short trades down to 1039.5 or possibly the mpc at 1045.25. Note that the current low shown on this chart is also the high from yesterday, representing a gap fill and support [...]
This chart shows how to use Fibonacci trimesters to trade up to, or down to, the nearest VPC in a Jardine Range.
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