Fibonacci price/time cluster based trading (thanks Carolyn ...



Fibonacci price/time cluster based trading (thanks Carolyn Boroden for the insight)

God is good…..peace and healing friend

What is the larger trend? What is the sentiment of the larger impulsions. Is the market ‘rallying’ in a particular direction? Run Fib’s in the trend direction.

So when we run Fibonacci for retracements (multiple swings) and forecasting off the base object (if you can abc projections), We may get clustering of Fibonacci zones that indicate higher probability zones of support/resistance that may lead to turning points.

Remember that a cluster must hold before we have confirmation, and if entering a trade we use a trailing stop and limit (near the next cluster) to protect profits.

Run Fibonacci time off HIGH-HIGH, HIGH-LOW, LOW-HIGH, HIGH-LOW-----

When time and price Fib clusters match up, that’s good.

Time “equality” day wise indicates turning points as well.

Price equality (symmetry to Carolyn) that bounces off of a support zone was a zigzag and may be a turning point area.

Also, what is the structure series (if we can count it)? Corrective :3 or impulsive :5

Measuring multiple Fib retracements from one major starting point to the next peaks can create price clusters indicating support/resistance.

We can also check for significant breaks away from dense candle clusters that tell us sentiment.

Price level breaks indicate sentiment.

Again, price and time Fib clusters are a synchronicity and can be significant.

Price above (bullish) or below (bearish) the 34EMA.

CCI above (bullish) or below (bearish) zero?

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