Dislikedhow to find the new V3 or P3 1ST we need bar closed and forming BL for up trend i will find last peak from last peak i will used febo i will put 100 febo at last peak and 38.2 level same as BL and i will draw line at 0 level i will do same for 50 & 61.8 febo in this case iwill have two zone one from 38.2 to 50 and one from 50 to 61.8 thoses two zone the area of most probability that price will return to retest BL or trend line {image} {image} {image}Ignored
Great simple way of trading,
I do have some questions?
In the above post ( and the one following that) you talked about Zone 1 and Zone 2, Can you please explain a bit more as to how to you use them.
I am not clear on the above explanation.
Also as to when we can expect the PA to just touch the break line or go retest the trend line.
Thanks in advance