“Reverse Fibonacci”: A Simple Way to Set Price Targets
You look at a chart. You see what counts well as waves 1 and 2. How far will wave 3 go? In this video, our Sr. Instructor Jeffrey Kennedy shows you a simple price-projection technique he calls "Reverse Fibonacci." Market in focus: coffee. (But you can apply it to any market.)
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Great concept ☺️
Excellent sir
Thanks for sharing.
do not get it ? I follow all your stuff how are you getting the multiplier and length using the standard fib tool ?
Please, thank you for sharing. . Please can you throw some more light on, what number he uses to MULTIPLE, the diagonal line he draws. 2. Kindly send us the fib settings for this approach. Thank you
@NoName-uo3cv
5 ай бұрын
It is not a number. Imagine the B wave decline 100 points probably wave 3 will be 100* 1.382 &1.616 & 2.618 ( if 3rd extended you can expect 2.618
@techtrack1
2 ай бұрын
@@NoName-uo3cv still do get it, its all manual ? he seems to have a tool that projects
Sir, Can you please recommend the source where reverse fibonacci tool available?
@henri901
7 ай бұрын
tradingview
coffee > eggs ? 😉