Fib Time/Price vectors (Fib Fences), both Trough and Crest, provide exceptional zones of opportunity and clarity to price’s position. The single best Fib Fence for study and trading is the trough Fib17_Tm21. Daily observation of price action when key fences like this are crossed will facilitate your trading for Fib targeting on the correct side of market momentum. Relationship principles (confluence) of these vectors apply to any fractal (chart size) on any market, and should be included in any trade entry decision.
Adding trough Time/Price vectors (Fences) Time/Price 13 and Time/Price 17 will further clarify momentum breakout levels and price cap levels. Price dropping below trough fences invokes clear proof-point logic, ie shows what resistance (cap) price has to overcome to continue higher.
Dox Box . . .
The imperative read for understanding is found at the 'Law of Vibration' site . . . Topics: ' Directional Bias', 'Time/Price 45', and 'Fractals' . . . Read . . . Understand . . . and find Success.
