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RE: I Just Don't Get It!

in LeoFinance2 months ago

I do like to trade off a fib bounce, especially the 87 and the 61.8. Some people call it financial astrology so ymmv lol.

Posted Using LeoFinance Beta


Please, make the light shine in my head and explain to me exactly how to use this tool. It seems to work wonders.

Posted Using LeoFinance Beta

Lol i don't know about wonders but let's take a look at an example:


See how the HA bar bounces off the 61.8 retracement to go up another 100 pips?

As with other patterns, the criticism is that we se what we want to see. I think fibs are a good part of the arsenal to look at areas of confluence. Whether it is possible to trade solely on fibs, i'm not too sure.