{quote} Why 86k Zappa? Are you fibbing (as in Fibonacci)? I cant see past 82.5k at the moment i.e. the white line intersection with price
I use 1.25, 1.5, 2.0, 3.0, 4.0 and up.
Ever notice how many times it reverses just before 1.618? It reversed of 1.5! Test it out for yourself with those numbers, I think you'll be amazed.
Just like with TLs you can end up with so many lines you dont even see the prices anymore, so you have to play around and test from past moves to see which ones and which types usually get the best reactions.
Here is what im looking at. A 2.0, 4.0, and 6.0, as well as the broken TL in log scale.
It doesnt mean that price will necessarily go there, but if it does, there's a higher likelihood of a turn there.
The lines match up around 87k actually. I just set a target a little but before them
You'll get it back brotha
hopefully the take profit triggers.
