The M jacket are variations of the Golden Ratio (Fibonacci Sequence). it’s the World’s original technique developed for Candle Projections.

Advantages:

• Easy to storyline. Candle anchoring;
• High and precise precision as resistance and support;
• outstanding Risk x return ratio;
• Works in any interval;
• Works in any asset / market.

  The M Extensions are classified into:

M0: Zero stage (starting candle)
RC: Initial candle controller area
M1: Extension area 1
M2: Extension region 2
M3: Extension region 3
M4: Extension region 4

The M Extensions may be used in any market: indicators, futures, stocks , Forex, Bitcoin. You only need a candle chart.

The anchoring of the ‘ME’ should preferably be done in high volume candles (climax candles) and close to turning points. Therefore it’s reccomended the use of the volume tool to identify the best candle projection.

Input parameters:

• Color;
• Line width;
• Line style;
• Extend or not the lines to the end of the chart.

[spoiler title=”Read More…”]

Instagram: mavinimiranda

Watch on YouTube:

[/spoiler]