Engineering Alpha

Engineering Alpha

Trading The 1.618 Market Pattern

Coding the 1.618 Market Pattern in TradingView

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
May 13, 2023
∙ Paid

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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