Fibs work off of moving averages not linear lines. Multiples of 20-day trading cycles. The yellow and white lines are the immediate support. Secret Sauce formula works on all times frames. This is how I know when to get in and out of a trade
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All the lines are just pure coincidence :)
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As expected the hourly chart shows the price bouncing off the white line which is my buy line
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It needs to touch that yellow line to fully consolidate to make next move
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What the 5 minute chart looks like
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As you can see on the 5 minute chart above putting your buy limit at yellow line would of got you in at 10100 and set your stop loss at just below yellow line now keeps you in trade for maximum time
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Here we are at the Fib 0 line on the hourly, see how it bounces between the Fibs?
Here we are at the Fib 0 line on the hourly, see how it bounces between the Fibs?
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Here we are to the White line the Secret Sauce line, will it hold? Any bets?