ETH Next Low Target Prediction : Method Fib Tutorial
Fib Setup: Bullish
Target Level: 0.236 [Green]
Objective: Calculate Long Entry / Short TP Calculation
* * * *
ETH SHORT
ENTRY: $2445.00
TARGET: $1671.00
* * * *
How to apply the Fib tool:
// The objective is to reference the previous trend in order to find the next target for the current trend.
Draw from the most recent highest-high down to the most recent lowest-low [Reverse for bearish setup].
Because of the constant ratio of the Atomic pattern discovered, it's possible to infer the requirement/obligation imposed on the price by the fractal laws that govern charts.
The consistency of this pattern provides a simple solution to the problem.
If the pattern is fractal and repeats on all timeframes, and if it's constant and can be reliably predicted, then the only requirement for identifying trade opportunities, is that the first two of the three markers are correctly identified.
Applying the Atomic pattern projects the target of the third marker, in this case, the 0.236 level [green].
Fib Rules:
Always draw from the present [far right] into the past, from right to left.
Start at the end of the previous trend.
Follow that trend to its opposite end.
Target Level: 0.236 [Green]
Objective: Calculate Long Entry / Short TP Calculation
* * * *
ETH SHORT
ENTRY: $2445.00
TARGET: $1671.00
* * * *
How to apply the Fib tool:
// The objective is to reference the previous trend in order to find the next target for the current trend.
Draw from the most recent highest-high down to the most recent lowest-low [Reverse for bearish setup].
Because of the constant ratio of the Atomic pattern discovered, it's possible to infer the requirement/obligation imposed on the price by the fractal laws that govern charts.
The consistency of this pattern provides a simple solution to the problem.
If the pattern is fractal and repeats on all timeframes, and if it's constant and can be reliably predicted, then the only requirement for identifying trade opportunities, is that the first two of the three markers are correctly identified.
Applying the Atomic pattern projects the target of the third marker, in this case, the 0.236 level [green].
Fib Rules:
Always draw from the present [far right] into the past, from right to left.
Start at the end of the previous trend.
Follow that trend to its opposite end.
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