First of all comment if i'm doing something wrong, last thing i want to be doing is spreading misinformation.
Bullish moves should be placed from peak to bottom point. Highlighted in green.
While bearish moves should be places from bottom to peak point. Highlighted in orange.
These can be placed on any bullish / bearish wave, as long as they 'respect' the fibonacci spiral to a reasonable extent.
You can play around with these waves and look at how you can pick tops and bottoms using these spirals.
The middle trendline does not have to be particularly strong for the spiral to pick tops and bottoms.
If the spiral respects the wave it should trend nicely along a price point. Highlighted in orange.
These spirals in turn work well with Fib Circles, creating nice arcs to identify movement.
Bullish moves should be placed from peak to bottom point. Highlighted in green.
While bearish moves should be places from bottom to peak point. Highlighted in orange.
These can be placed on any bullish / bearish wave, as long as they 'respect' the fibonacci spiral to a reasonable extent.
You can play around with these waves and look at how you can pick tops and bottoms using these spirals.
The middle trendline does not have to be particularly strong for the spiral to pick tops and bottoms.
If the spiral respects the wave it should trend nicely along a price point. Highlighted in orange.
These spirals in turn work well with Fib Circles, creating nice arcs to identify movement.
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