Fibs and Forks

Will we reach the 23.6?~

Target met~

got it

Sneaking over to put the Fib 38.2 on radar~

Gone all cash~

still a great run

I always look at the larger picture before I start the trading session..here's an example of a 4H chart on where I draw resistance and support lines..when they match with the Fib lines they seem to be even more powerfull...

Yeah was a great trading day~

Coming back for another try?~

Seemst the trend is still the short direction..good thing to keep in mind while trading those Forks..I have 1.9524 ish as the next major trend target~

It touch that. Yes???? It is not still going to go down is it???

sorry read it wrong

I think it's a good idea to keep an eye on it cause it might just target 1.9524 ..which is fine..it will make for strong forks that are build on contra trend lines~

good call

I do not think I have this setup right

Once 1.9524 is breached start looking below~

ok thanks

ok so far great

As a trader who tends to rely on indicators, it is refreshing to study this method. I have been trading using this method for the last couple of days with success!

Question: I notice that in Post #5 the "A" point of the Andrews Fork doesn't touch a legit "A" point on the price move. Would you kindly explain your rationale? Thanks again!

Keep adjusting the chart~