NO wuzz mongo ...
here's another example of fibs and bell curve/profiles..
The A$....now it's pretty obvious that the bulk of the data for the range is contained above the 23% level and below the 76% level ..
and once the vertical range is established , the market will spend less time outside these levels.
So in trading it ..the best aproach is to look to fade in these areas, you get more bang for your buck and you carry less risk, as you know something is happening when it breaks the current range..
So in this case you would look for a long entry signal below the 23%(9795 )level and a short entry above the 76%(1.0028)level.Having a frame work to work with takes some of the Anxiety out of trading...and the need for looking for wild predictions and hype from the so called gurus on CNBC ect, ect .
set the plan/framework to work with
and let the market come to you !!!!!!
trade it where you want !!!.
take the Anxiety out of it and be in control of the process and not the other way around. There is no need to be lead into the unknown we can trade what is there and let the future unfold while we participate in it.
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