gamma
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I do not use this predicative indicator but want to know more about it.
I understand the semantics but the confusion comes about in time periods
Which time period’s does one use?
Lets take today’s drop in cable.
High 19852
Low 19720
Drawing the fib lines we can see that a it should retract and has done up to 50%
On this occasion it has worked to the principles.
However it does not always work.
Is it because there is a more prominent fib level?
How do you find the prominent fib level?
Does the prominent fib level always dominate?
Are there other issues that have to be taken into account when calculating fib levels?
I am a complete novice on this subject so would appreciate all comments
Thanks
I understand the semantics but the confusion comes about in time periods
Which time period’s does one use?
Lets take today’s drop in cable.
High 19852
Low 19720
Drawing the fib lines we can see that a it should retract and has done up to 50%
On this occasion it has worked to the principles.
However it does not always work.
Is it because there is a more prominent fib level?
How do you find the prominent fib level?
Does the prominent fib level always dominate?
Are there other issues that have to be taken into account when calculating fib levels?
I am a complete novice on this subject so would appreciate all comments
Thanks