Thus, most of the time, we will follow the same procedure and will mention only the words Fibs or Fibonacci ratios , whatever the exact name of the inventor is. Next, this line is copied and drawn through the ending point of wave A the upper lower line. Author Roman Onegin. It harmoniously respects and obeys the four principles enumerated below: o Finding where the market is coming from, where it is located now and where it is heading, o A time-price ethereal space as the trading arena of the market flow evolvement, o A ubiquitous usefulness in trending and even in sideways movements of various markets, o And finally, an ergonomic and profitable intricacy with risk and money management. A trend-following strategy, as you see from the name, suggests spotting trends in a bull or bear market and trading in the trend.
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