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Trading The 1.618 Market Pattern
Coding the 1.618 Market Pattern in TradingView
Fibonacci ratios are a huge part of trading. They are found in certain patterns and are used as retracements and projections. This article presents a simple pattern on the RSI which uses a Fibonacci ratio to detect a short-term reversal move using certain conditions.
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Presenting the 1.618 Pattern
The 1.618 is a simple pattern composed of four points in time. Similar to the ABCD pattern discussed in previous article, the 1.618 pattern signals a short-term reversal. The difference between the two…
