Sive Morten
Special Consultant to the FPA
- Messages
- 18,690
Hi Sive,
Thanks for your analysis.
Could you please advise, on drawing the fib retracement, how do you decide on which reaction points to pick and which reaction points to ignore?
On the 1H chart of today's analysis, there are some valid reaction points that you chose to ignore. Any guideline?
Thrusting reaction points are most valuable. I do not show all Fib levels from all reaction points, just to keep chart clear. First I watch at them and then choose the most important for plotting on the chart.
Hi, Sive,
It shows Gartaly Sell now on 4h chart
Yes, that's right. But I try to use it on overall context, although it could be traded as independent pattern.