Trader's Queries : IGL
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Query : I want to know about IGL...I cant find chart pattern in IGL and also cant find elliott waves...so plz help me.
Answer : When other methods are not giving clear indication, fib level helps. When price is trending between 0.5 and 0.618 with no significant volume, it wont make bigger movements but sideways. For uptrend price have to close above 0.618 level. For downtrend price have to close below 0.5.
Answer : When other methods are not giving clear indication, fib level helps. When price is trending between 0.5 and 0.618 with no significant volume, it wont make bigger movements but sideways. For uptrend price have to close above 0.618 level. For downtrend price have to close below 0.5.
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