DislikedCompare the chart from post#83 and the chart below. If we see a test rejection, the model will work. Additional signals needed. {image}Ignored
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Fibonacci Time Projections 9 replies
Difference between Fibonacci extensions, projections and expansions? 5 replies
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
Mastering False breaks, trendline and fibonacci projections 57 replies
Fibonacci Projections 8 replies
DislikedCompare the chart from post#83 and the chart below. If we see a test rejection, the model will work. Additional signals needed. {image}Ignored
DislikedDo you consider that pinbar in the 100% rejection zone a good short entry? {image}Ignored
DislikedFibonacci channels are highly subjective. The trader chooses three points they deem to be significant, yet the market may not view these points as significant and thus may not respect or react as expected to the drawn levels. On the contrary, Andrew's Pitchfork lines are based on ABC patterns easier to identify and more reliable.Ignored
Dislikedi know way too late in the buy. just to show the 123 and price reached 161.8 fib. {image}Ignored
Disliked{quote} Since you have not studied FCP in depth, you draw hasty conclusions.Ignored
Disliked{quote} That's the point, it takes 3 seconds to see the pitchfork in the above image: median line starting at 2, upper and lower trigger lines at 1 and 3 (lower low). There is not need to study in-depth to get the same outcome. Anyway, I was only giving another option that should still work with your system.Ignored
DislikedThe red line between the median line and the upper trigger is for extra confirmation. {image}Ignored
DislikedThe trigger is the actual trigger line, first one is the black arrow but it pulls back second is the red arrow and confirm entry with red line. That's it, you don't need anything else. The fib extension based on the PF swing is only for TP {image}Ignored
DislikedThe main idea of the FCP: the width of the projection is equal to the width of the broken channel.Ignored