Two specific tools can fundamentally transform your market analysis and execution: Fibonacci Retracement and Fibonacci Extension.
While most traders react to price movement after the fact, these tools allow you to identify high probability reaction zones before the price even gets there.
On this profile I focus on the synergy between these two tools to pinpoint the exact levels where price is likely to react.
Are you currently using these two tools ?
$XRP | Weekly
The real decision zone is lower than most people are watching.
Price is approaching the 78.6% Fib around 1, but the more interesting area is still below - the 0.77–0.67 zone.
That support comes from confluence: 88.6% Fib of the full impulse, 161.8% and 261.8% projections from the last two corrections, plus a bullish weekly FVG sitting in the same area.
Are you watching the 1 level first, or do you think the stronger reaction comes from the 0.77–0.67 area ?