Think of two words that you want to say when your analysis is wrong.

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Same picture. Same line. Now connect the line with a swing top below it to find the next potential break, at bottom.

Why do people use Fibonacci in trading?

The different ways that you can use fib ratios is mind boggling. Connect a little swing low with the high with the fib retracement tool. Find the 423.6 fib ratio, draw a line through it. Then take another fib retracement and reverse it, from the ...

Why do people use Fibonacci in trading?

Waiting on price to retest the weekly pivot @ around 1.3067

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#13 has my interest. Monthly pivot area.

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Breaking news on TV now, too. With letters sent to Obama that contained Ricin toxin.

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Nice bounce. Now to see if it holds.

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Nice bounce off the 50% swing from yesterday, and now going back up to retest the DP.

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I'm waiting for the 1.3096 area, to see what it does there before deciding to go long.

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You just have to know where to connect in order to get the cause and effect.

Why do people use Fibonacci in trading?

I'm waiting for the daily to close before I decide. A close below 1.3190, then I remain bearish.

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What I'm reading from your chart is that the bulls made the first pierce through your trend line, with the wick, meaning that they go first. But before it did break to the north side, the bears did their pierce through your trend line, telling me ...

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1.3207, maybe? edit: typing too fast.

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LOL!!!!

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They're "fixing" to do something.

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Good target. M5 showing bearish.

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M5 channel

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I hate the way brokers do that to us. Five different traders could have five different quotes.

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lol

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Biggest (one-day) sell off in 30 years. edit:

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