SPY LongerTimeFrame (LTF) - Maroon, Green, White (SPY)

8 апр. 2018 г.

This is a Longer Time Frame Fib level indicator. It shows where the market is looking to go and where it has been. When the market get above one level ( white bar, for example) look for price action to continue to the next level. If it breaks below the white bar look for it to go the next level below for support. I will also publish levels inside these levels for those looking to see them on smaller time frames. I hope it will impress! It is great for having targets. It helps in knowing why the market may continue in a direction. For example: When the price action has already moved up, why does it keep going up, because it hasn't reached targeted fib level yet. Same reason price action may move lower. It is looking for its fib level support.