Note: 0.382 | 0.50 | 0.618 & 0.786 retracement levels.
Tips: Watch out for Cups, Flat Bases, Cup-With-Handle Bases & the Double Bottoms. These are the most successful base patterns.
The first 3 ratios act as compression zones, where the price can bounce around like a pinball, while the .786 marks a line in the sand, with violations signaling a change in trend.
Key Level: 0.5 Fibonacci Retracement
Tips: Watch out for Cups, Flat Bases, Cup-With-Handle Bases & the Double Bottoms. These are the most successful base patterns.
The first 3 ratios act as compression zones, where the price can bounce around like a pinball, while the .786 marks a line in the sand, with violations signaling a change in trend.
Key Level: 0.5 Fibonacci Retracement
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