Hi Meringo. 50% is not a fib level. Fibonnaci is all hit and miss anyway imo as there are so many levels and nobody knows what level price MAY find support at.
@FullMoonFever - I once used to use Ichimoku and other indicators. To be honest I only found Ichimoku useful for identifying trend eg trading above the Kumo...where it provides a great visual. For identifying reversals it is also not the best as it is all based on historical action X periods (20?) back so lags severely.
For reversals, there is nothing like price/spread and volume analysis IMO.Market structure is also key.
Cheers
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.80M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 579 | 1 |
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