fib. expansion and retrace in forex

[shopster]

DT setup

second hump is smaller
therefore a diverged second leg.

if this is a short setup.........
you want the histo bars to keep getting shorter and go negative

which they do.

s

 

[shopster]

triple top short setup

second leg already has the histo bar at zero

cork above water.....

massive diverge.

s

 

[shopster]

long setup

second leg has histo bar at zero

diverged.

cork under water.

histo bar goes positive

price pops up

s

 

[shopster]

long setup again.

second leg has histo bar at zero

diverged.

cork under water.

histo bar goes positive

price pops up

then ............" higher highs and higher lows........."
do not short it

see the histo bar false signal on the right side......?

s

 

[shopster]

2 hump
long setup

then higher highs and lows.

..............................................................

2 short trades on this pic

where are they and why.......?

s

 

[ElectricSavant]

I thought to be under water the histo had to be north when the price was showing a double bottom?

ES

 

[shopster]

it can be north or or right at the cross point

most are pointing north already on cork under water.

imprtant thing to look at........

is the histo bar going in the direction of your trade

is it confirming ...?


s

 

[ElectricSavant]

TY

Quote from shopster:

it can be north or or right at the cross point

most are pointing north already on cork under water.

imprtant thing to look at........

is the histo bar going in the direction of your trade

is it confirming ...?


s

 

[ElectricSavant]

as to your earlier questions/ quiz... (this is very helpful).

There obviously is a double top starting at around 15:30...but I am not sure what the histo is confirming?

I cannot see the other short...

Quote from shopster:

2 hump
long setup

then higher highs and lows.

..............................................................

2 short trades on this pic

where are they and why.......?

s

 

[shopster]

the trade on the left side was a .76 second leg retrace

the histo is already neg.
a short entry

you lift your short at a fib extension

the trade on the right was a trick question.
there is no confirmation.

glad to see someone is awake.........

s