i'm back from the coast and enjoyed the 50% discussion of ext,...

i'm back from the coast
and enjoyed the 50% discussion of ext, so did a few charts.

ext

i kicked off with a daily and a few important lines.
showing resistance and support.



same daily chart with the ichy
and the same dynamic resistance.




so i went to the next t/f
only to see price has dropped out of a cloud
with pink right there.
this is not good,
lagged line is now in the cloud
and would be my main range indicator.



i really didn't like that chart as it
confirmed the daily bear trend.
digging deeper takes you to the monthly.
i like to either start or finish at the monthly.
pink is 50% of nine months and
red is 50% of 26 months.

so the purple circle shows price bouncing at the red line.




if you have made this far
you should understand the humour
all that, just to agree that it's at the 50% fib lol
and how i see it, does the monthly win?, i don't know
but that 50 % fib is in action.
so i just put a brown line there
since it is on the monthly.

good trading all