Here is a set of charts with new indicators I am testing out including Fibonacci retracements and trendline. Later today I will be adding a full analysis for timeframes of daily, 4 hour, and 1 hour. I plan to add not just one trend line to each timeframe but three for potential help in deciphering classic trading patterns as well. I am hoping to a long video on this process manually to learn about potential break outs from these.
Where did the inspiration come from
A lot of these charts below are generate as being inspired by Nictrade post recently I posted. These are the important charts for Signal trend-line and Fibonacci retracements
Signal, trend line, and Fibonacci retracements charts which are end of day for 1 year.
Widely used in financial institution
See the charts here as where I plan to start. I heard 2 traders on Bloomberg TV talk about Fibonacci re-tracement levels they use so it appears very popular in the finance industry.
I may introduce this as a separate live bootcamp offering for all my Elite members!
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