The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

Integrated Technical Analysis

Figure 27.7 depicts price being rejected at a resistive price cluster comprising

a Gann Level, prior resistance, and a 61.8 percent Fibonacci retracement level on

the 4‐hour Gold chart.

Figure 27.8 depicts price approaching a resistive price cluster comprising a

double 61.8 percent Fibonacci projection level and prior resistance on the daily

USDCHF chart. The Fibonacci projection levels are range projections of AB from

C. (Three sets of projections on the charts are AB from C, A 2 B from C, and A 3 B 2

from C 2 .)

Figure 27.9 depicts price approaching an intermarket price barrier confluence

across the Daily AUDUSD, EURUSD, XAUUSD, and XAGUSD charts.

Figure 27.10 depicts price approaching a resistive price confluence at around

the $36.40 price level, comprising various Fibonacci retracements, a prior support

fIgure 27.6 Price Clustering on the 3M Daily Chart.

Courtesy of Stockcharts.com

fIgure 27.7 Price Clustering on the Four‐Hour Gold Chart.

Source: MetaTrader 4