Re: Quality post tab hi possible hy jab hum quality wali thread py reply posts Karen
It’s wrong to think of price swings as sawtooth patterns, with alternating V-shaped oscillation. Rather, a notable swing usually gives way
to a trading range, often three to four times the length of the swing,
which then yields to a trend in the same or opposite direction. This consolidation pattern adds actionable levels in the same way as any largerscale topping or bottoming pattern. Fibonacci retracements come into play
here because the current swing can be measured as a retracement percentage of the prior swing. A trading range often fills up the first 38% of the
journey back toward an old high or low, limiting the best profit potential
It’s wrong to think of price swings as sawtooth patterns, with alternating V-shaped oscillation. Rather, a notable swing usually gives way
to a trading range, often three to four times the length of the swing,
which then yields to a trend in the same or opposite direction. This consolidation pattern adds actionable levels in the same way as any largerscale topping or bottoming pattern. Fibonacci retracements come into play
here because the current swing can be measured as a retracement percentage of the prior swing. A trading range often fills up the first 38% of the
journey back toward an old high or low, limiting the best profit potential
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