Hi Traders,
This is based on previous fractals and how ATOM has performed and hitting the recent ATH at the fib extension of 1.
Note how in the previous accumulation phase, ATOM spent more time at the bottom area as part of the wychoff accumulation phase.
Its with this logic I think it will do it again.
It also aligns well with the fib time extension with price action as pivot points.
Hence using Fibonacci on previous price action, I'm looking at new price discovery to abide fib extension levels as per traditional TA.
All the best,
S.SAri
This is based on previous fractals and how ATOM has performed and hitting the recent ATH at the fib extension of 1.
Note how in the previous accumulation phase, ATOM spent more time at the bottom area as part of the wychoff accumulation phase.
Its with this logic I think it will do it again.
It also aligns well with the fib time extension with price action as pivot points.
Hence using Fibonacci on previous price action, I'm looking at new price discovery to abide fib extension levels as per traditional TA.
All the best,
S.SAri
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
