Did you ever want to know an exact timeframe for when a high or low will be reached?
We usually tend to think mostly 2 dimensionally when we talk about charting or TA, although we naturally see time in our charts, we mostly really only PLAN our trades based on price (and sometimes other indicator factors: RSI, MACD, etc)...
Well, what if I told you that there is actually a way to give you a roundabout idea of WHEN a certain high/low will come?
A LOT of traders use fibonacci only for price levels, but never for time. An amazing part of fibonacci patterns is that they are math based, so anything relative to any physical measurement will actually abide by the same rules. This includes both price AND time...
So let's say you have a general idea of where you think a swing trade is going to occur, price wise. For most swing trades, the general rule of thumb is to get a trend-based fib projection and target usually around the 1.272 and 1.618 fib retracement areas for each swing. But the problem is, sometimes there is a pretty huge difference in price between the "usual" reversal fibs, depending on the depth of the last swing.
Take a look at this graph, I tried to pretty much make it as confusion free as possible. The gray dotted lines are all the different high to high to high swings.
The colored lines all represent specific fib-time ratios. What we are looking for are specific areas where specific fib ratios from each swing align in one specific timeframe, close to one another... Which we call "clustering". These areas represent HIGH PROBABILITY areas where price will either spike (in our chart's case because I'm specifically measuring high swings) or where they will be at their lowest swing (you would need to measure all the low swings for those).
I want you to notice in the main chart that there is a very high concentration of fib ratios that have all clustered within one very specific area which gives us a very good and specific target range. My best guess is that based on a 1.272 swing retrace and an ABC Elliot Wave symmetry extension, I predict that our local swing high will come within the next 3-4 hours at 0600-0700 UTC time, roughly in the 10580-10600 price range. We will be short from there.
We usually tend to think mostly 2 dimensionally when we talk about charting or TA, although we naturally see time in our charts, we mostly really only PLAN our trades based on price (and sometimes other indicator factors: RSI, MACD, etc)...
Well, what if I told you that there is actually a way to give you a roundabout idea of WHEN a certain high/low will come?
A LOT of traders use fibonacci only for price levels, but never for time. An amazing part of fibonacci patterns is that they are math based, so anything relative to any physical measurement will actually abide by the same rules. This includes both price AND time...
So let's say you have a general idea of where you think a swing trade is going to occur, price wise. For most swing trades, the general rule of thumb is to get a trend-based fib projection and target usually around the 1.272 and 1.618 fib retracement areas for each swing. But the problem is, sometimes there is a pretty huge difference in price between the "usual" reversal fibs, depending on the depth of the last swing.
Take a look at this graph, I tried to pretty much make it as confusion free as possible. The gray dotted lines are all the different high to high to high swings.
The colored lines all represent specific fib-time ratios. What we are looking for are specific areas where specific fib ratios from each swing align in one specific timeframe, close to one another... Which we call "clustering". These areas represent HIGH PROBABILITY areas where price will either spike (in our chart's case because I'm specifically measuring high swings) or where they will be at their lowest swing (you would need to measure all the low swings for those).
I want you to notice in the main chart that there is a very high concentration of fib ratios that have all clustered within one very specific area which gives us a very good and specific target range. My best guess is that based on a 1.272 swing retrace and an ABC Elliot Wave symmetry extension, I predict that our local swing high will come within the next 3-4 hours at 0600-0700 UTC time, roughly in the 10580-10600 price range. We will be short from there.
Catatan
Just FYI, these are the LOWS I was able to find clustered...Catatan
Looks like I may just have had the wrong set of dibs convergences... We may top out in the next 1-2 hours instead... This something I’m still experimenting on, it’s not too easy trying to filter out all the convergent lines, more trial and error than anything right now.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.