Gold H1
Often a pattern is the starting point for a 100% or 200%. It was a big rejection in a short time.
Often a pattern is the starting point for a 100% or 200%. It was a big rejection in a short time.
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DislikedI got this forum, I thought it was very good. https://www.mql5.com/en/forum/177776 Fibonacci retracement is fundamentally based on a single number, which is Golden Ratio 1.618 or 0.618. <--- (1/1.618 = 0.618 .just from different side of perspective) This single magic mysterious number does all the trick and covers the entire Fibonacci numbers or Levels. 0.618x0.618 =0.382 0.382x0.618 =0.236 0.236x0.618= 0.146 So, here is the full sequence of Fib numbers(levels) from 0.1 to 1.0 0.146 1- 0.854 0.236 1- 0.764 0.382 1- 0.618 0.5 mid point...Ignored