Just posted chart for learning purpose, please note the retracements levels bounce from key levels.
How stock behaves at key levels marked to form price action on downside when the latest swing was marked using fibonacci retracement
After Forming W Pattern at bottom, confirming through RSI Divergence,
1) First Retracement to 38.2% levels, then came down
2) again found resistance at 38.2% levels
3) third time broke 38.2% level as it got weak and got resistance at 61.8% level
4) Retraced to 50% level and bounced back to break 61.8% level (perfect price action)
5) Formed double top pattern at 78.6%
6) stock fall downside back to 38.2% levels and retraced to 50% levels (perfect price action)
7) Again retracing and finding resistance at 38.2% level
Happy Learning
How stock behaves at key levels marked to form price action on downside when the latest swing was marked using fibonacci retracement
After Forming W Pattern at bottom, confirming through RSI Divergence,
1) First Retracement to 38.2% levels, then came down
2) again found resistance at 38.2% levels
3) third time broke 38.2% level as it got weak and got resistance at 61.8% level
4) Retraced to 50% level and bounced back to break 61.8% level (perfect price action)
5) Formed double top pattern at 78.6%
6) stock fall downside back to 38.2% levels and retraced to 50% levels (perfect price action)
7) Again retracing and finding resistance at 38.2% level
Happy Learning
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。