.382 FIB has been the most accurate to predict new tops
Sorry guys, I am going to be a bit of a douche and let my secret out while it is too late, I discovered this on the last 2 bull runs while people started talking about the .618 of the last bear run to be the way to predict tops, you can see for yourself now that it was accurate but not the most accurate as we didn't quite touched on the last 2 bull runs.
What we have hit as our top every single time tho is the .382 FIB of the previous bull run as you can see on this chart.
We already hit it at the moment too today, so I do believe that this is our top. A break out upwards of it would give me the signal to start rethinking my current bearish bias as it would be the first time since this bear trend that it would happen.
You can also notice that every top we had has been done with less and less volume which is also a very bearish sign to me.
Whoever is out there trading without trying to get as most experience they can get with FIB levels is making a big mistake. Open up a chart and play with FIB guys. Experienced FIB traders were able to predict every single tops we had in this bear trend.
Follow me on here and twitter for more cool patterns like this. I will start to update daily as much as I can.
What we have hit as our top every single time tho is the .382 FIB of the previous bull run as you can see on this chart.
We already hit it at the moment too today, so I do believe that this is our top. A break out upwards of it would give me the signal to start rethinking my current bearish bias as it would be the first time since this bear trend that it would happen.
You can also notice that every top we had has been done with less and less volume which is also a very bearish sign to me.
Whoever is out there trading without trying to get as most experience they can get with FIB levels is making a big mistake. Open up a chart and play with FIB guys. Experienced FIB traders were able to predict every single tops we had in this bear trend.
Follow me on here and twitter for more cool patterns like this. I will start to update daily as much as I can.
twitter.com/VinceBocti