Astino 7162
Normal TA VS Fibonacci TA
Fibonacci TA
One of the major difference we can see by using Fibonacci is that all the hidden levels are revealed. One of the most obvious revealed level would be the Fibonacci Critical Support, whereby it was respected by the bankers as the prices rebound immediately after it touches the level.
The Balancer also play an important role in this case. Prices had been trending above balancer for the past few mknthst which is also a sign that the downward momentum is weakening. In fact, prices manage to trend higher after it close successfully on the balancer.
The next level to pay attention to is Fibonacci Resistance Zone. The zone is a well respected by the bankers because prices had been rejected multiple times when it touches that level. The good news is prices finally manage to breakout from the zone. A successful closing above the level in the next few days will serve as a confirmation to the successful breakout.
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