GOOGL Trade Idea
Price today was rejected at a 1.618 Fibonacci level. I entered a successful short position and intend to get back in for another day trade.
Since it previously reacted to a Fibonacci level, it may continue to do so.
The 1.618 for Fibonacci 2 happens to be the start of Fibonacci 1, which is also a previous high/resistance point.
Price is already headed down.
I'm looking for an entry based on a 50% retracement from a Fibonacci on the 5 minute chart, which I have since deleted.
The target is the 1.618 Fibonacci level for Fibonacci 2.
KEY:
-White Horizonal Lines: Previous High or low/resistance level.
-Fibonacci Retracement: I've removed all the levels except 0, .50, 1, 1.618, and 2.618.
Since it previously reacted to a Fibonacci level, it may continue to do so.
The 1.618 for Fibonacci 2 happens to be the start of Fibonacci 1, which is also a previous high/resistance point.
Price is already headed down.
I'm looking for an entry based on a 50% retracement from a Fibonacci on the 5 minute chart, which I have since deleted.
The target is the 1.618 Fibonacci level for Fibonacci 2.
KEY:
-White Horizonal Lines: Previous High or low/resistance level.
-Fibonacci Retracement: I've removed all the levels except 0, .50, 1, 1.618, and 2.618.
Declinazione di responsabilità
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.