This concept is known as Fibonacci Clustering. (many fib sets on eachother)
All Schematics have both Support and Resistance for future swings.
I will add more images below for you so you can visually understand what the Support and Resistance stems from.
Go to the linked idea for extra details if you want.
All Schematics have both Support and Resistance for future swings.
I will add more images below for you so you can visually understand what the Support and Resistance stems from.
Go to the linked idea for extra details if you want.
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FULL MACRO (BACK TO) 1955
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FULL DOWNTREND FROM ATH WITH SUPPORT SCHEMATICS (DOWN)
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Last Piece of Fibonacci for this idea. There is one last piece of Fibs that I am about to post as this but better^^^^
