All traders' behavior is embedded and reflected in the movements of market prices, as a trader you must always endeavor to take a step back and try to separate yourself from the noise. This is best achieved by considering the history of price and current live price action to try to measure where the next prices are most likely to be heading. This is why PRICE DATA OF USDCHF JUNE 1994 to OCTOBER 1995 was Double zigzags making a correction deeper. Then price moves with 5 impulsive from NOVEMBER 1995 to SEPTEMBER 1997.
Learn the following ratio of Fibonacci Level you need to determine the point of Entry and Exit.
1.Wave 2 should end at 50%, 61.8%,76.4%, 78.6% or 85.4% of Wave1
2.Wave 3 use to be 161.8% of Wave 1-2 but it can also be 200%, 261.8%,323.6% of Wave 1-2.
3. Wave 4 should end at any of this level of Fib 14.6%, 23.6%, 38.2%, or 50% of Wave 3 but not more than 50%.
4. Wave 5= Wave 1 length or 61.8% of Wave 1-3 or 123.6%, 161.8% of Wave 4.
Learn the following ratio of Fibonacci Level you need to determine the point of Entry and Exit.
1.Wave 2 should end at 50%, 61.8%,76.4%, 78.6% or 85.4% of Wave1
2.Wave 3 use to be 161.8% of Wave 1-2 but it can also be 200%, 261.8%,323.6% of Wave 1-2.
3. Wave 4 should end at any of this level of Fib 14.6%, 23.6%, 38.2%, or 50% of Wave 3 but not more than 50%.
4. Wave 5= Wave 1 length or 61.8% of Wave 1-3 or 123.6%, 161.8% of Wave 4.