Extreme Levels of a Trading Range: What Are S90/Crossover Extreme Levels within the Forex?

This chapter focuses on the S90/Crossover extreme levels within the forex. The S90/Crossover extreme levels are the outer Fibonacci levels found within trading ranges that were former levels one and two S90/Crossovers, which are also found within multiple time compressions of a trading range that ha...

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Zusammenfassung:This chapter focuses on the S90/Crossover extreme levels within the forex. The S90/Crossover extreme levels are the outer Fibonacci levels found within trading ranges that were former levels one and two S90/Crossovers, which are also found within multiple time compressions of a trading range that have historical significance as the overlapping Fibonacci points in the market. These levels are measured horizontally, vertically, diagonally, and with inverted reciprocal confirmations. Extreme levels have always been present, as have the laws of nature that Leonardo Fibonacci found in the early 1700s. The extreme levels represent expected support and resistance levels that are extensions from trading ranges that have historical significance. The extremes have outer layers of support and resistance that are seasonal. These extreme levels change as market conditions change on an almost daily basis. The more time compressions that an S90/Crossover appears on at one time, especially if a legitimate gap is present, the better the odds that an entry into the market has been confirmed.
DOI:10.1002/9781119196778.ch6