UNITEDs lesson. Fib play. Fibonacci Retracement Tool.
NKLA 1D. Fib retraced back down the the Golden pocket ratio after being rejected by .236 fib. Then dead cat bounce Back up to the .236 on the second drawn fib retrace tool. Wow just wow.
How to draw fibs?
Great question. Draw from the bottom structure to the top, yes wicks. This will allow you to see where the price could fall. Targets are fibs and ultimate target is the golden pocket ratio. Thats between the .618 to .65.
Draw a second fib retrace from the top of the structure back down to the. .65 golden pocket and this will allow you to Gauge where the dead cat bounce will land based on fib levels always targeting the .236. Picture attached and you've been FIB Trained. Fib trading has always been a mystery and traders pay royally to learn this secret.
NKLA 1D. Fib retraced back down the the Golden pocket ratio after being rejected by .236 fib. Then dead cat bounce Back up to the .236 on the second drawn fib retrace tool. Wow just wow.
How to draw fibs?
Great question. Draw from the bottom structure to the top, yes wicks. This will allow you to see where the price could fall. Targets are fibs and ultimate target is the golden pocket ratio. Thats between the .618 to .65.
Draw a second fib retrace from the top of the structure back down to the. .65 golden pocket and this will allow you to Gauge where the dead cat bounce will land based on fib levels always targeting the .236. Picture attached and you've been FIB Trained. Fib trading has always been a mystery and traders pay royally to learn this secret.