haha yeah I think we're all guilty of that in life - trying to make square pegs fit into triangular holes.. well I def have been in past - esp in trading
approaching my blue highlighted line - will check it out and see how it plays with it - thanks for sharing the ema cross over mate - will keep them on file now for some added bonuses!
approaching my blue highlighted line - will check it out and see how it plays with it - thanks for sharing the ema cross over mate - will keep them on file now for some added bonuses!
DislikedA fib standing alone is just that... number/vibration/whatever.
However, if it does correlate with some other support/resistance, confluence, trendline, etc. then yes: support terms resistance and vice versa. It just seems he was looking purely at fib zones and using them by themselves which I generally don't advise.
It's easy to find something, anything, that will offer support or resistance if you want it to fit your analysis. It's amazing how clearly things become when you're flatIgnored
"Millionaires don't use astrology, billionaires do"