Power Of Green Line by Greenius

HELLO EVERY ONE

I got this idea on 4h chart i apply zigzag indicator with febo then i draw red line on 32.8 , 61.8 ,161.8 & 261.8 for 10 to 15 p & V in past

after that i have chart full of red line

after monitoring price behavior i found he retrace between closed red line and if corss this line he return back to re tested & since my name greenius i decide to add thick green line between those closed red line what happen


let see chart


greenius

EURUSD

MORE

SEE

so whats the trick? cld u explain more?

see gu

i already ex[lain in 1st post draw line at each frb level and find mid line

Add this chart to profile folder

update

Hi Greenius

Are you using your green lines as future prediction where price might bounce or reverse? Can it be used on a 15 min chart ?


Please explain what you mean here( for 10 to 15 p & V in past )

Regards

hello and Good morning

 

1. open 4h chart let say EURUSD
2. Add zigzag indicator
3. go back let say 10 zigzag wave
4. draw febo level
5. draw red line at 0 , 32.8 , 61.8 , 100 ,161.8 & 261.8
6. Do same to rest zigzag wave till u reach currant time
7. look for closed red line
8. Draw green line between closed red line

hi greenius,

i didnt understand it, my english is not good enough,so my questions are:
1. what settings do you use for zigzag indicator?, my zig zag lines on EUR/USD-4H chart are different as yours,my zigzag settigns are deffault:12.5.3
2. On witch fibo we should draw red lines, you say on post 1: 38.2,61.8,161.8, 261.8 but on post 10 you say we should draw red lines at 0,32.8,61.8,100,161.8,261.8
3. What do you meen with "closed red line" ?
4. Where do we draw the green lines?
5. What is the method exactly, i meen where to nter,exit,sl etc.? i understood if price crosses the green lines so is the next green line our target?

thank you!

see chart and i used zigzag 7 5 3
closed mean two red line near to each other

those green line S & R

i attached my profile just used in demo by next week

Allow me to help explain brother..

Using zigzag plot fibs for each swing. Say you begin 10 swings in the past, then plot red lines over the fib lines greenius mentioned.

Delete the fib lines, and plot for the next swing. Draw the lines on the correct fibs, delete the fibs, rinse and repeat.. then when you have done all the swings, the fibs which match up the most, or form clusters of confluence, draw a green line on them. These act as stronger support/resistance

Interestingly, this is what wisdomfx does, but charges under the pretense that he is a good trader, lol.

does anyone uses this?