Jump to content

elle

Community Member
  • Content Count

    634
  • Joined

  • Last visited

  • Days Won

    9

Posts posted by elle


  1. Swap Zones , a battle between buyers and sellers sometimes happen halfway on a trend . If you see one developing , put your fib on , so the zone is @ the 50% level & then look for price to extend to 100%  . Please note , as usual, this is NOT guaranteed, but useful to look out for.    Here's one that just happened

    Capture qq.PNG


  2. @Caseynotes I do like to look at 0 -50-100 % levels , they work so well on a lot of things. The 50% level can sometimes be identified as a "swap zone" where buyers & sellers battle for control ( can be seen by when price moves strongly in one direction , stops and reverses a bit before resuming the original trend) . Here's a BIG picture of crude oil showing some historic price zones

    Capture cl.PNG

×