Hi my friends
I am engineer. i use statistics and mathematics in my job usually.today i am going to show you how to use Fibonacci series moving averages in your trade to improve your strategy.
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377,610, 987, 1597, 2584, 4181, 6765 , …….. Fibo series
as you know when we increase the number of that line will be stronger.
you can see clearly the major support of set to 610 for few months.and the price action at 1597.
lets to use Reverse Engineering to find another movement of .draw Fib Retracement between EMA1597 and 2584.
thats amazing.you can see clearly the price action to fibo level.
when i am publishing this idea is trying to brake up 0.786 fibo level.
please dont forget to like and follow if my idea is useful for you.
A.Torkaman
Published at Thu, 13 Dec 2018 16:15:14 +0000