Fib Matrix is a Fibonacci-based system that identifies key support and resistance levels.
βοΈ Settings
Toggle: Enable/disable Fib Matrix
Mode: Choose between Bottom Zone, Top Zone, or Both
Colors: Set custom colors when Theme is disabled
π How to Use
Support Levels: The bottom zone identifies potential support areas
Resistance Levels: The top zone highlights potential resistance areas
Zone Reactions: Watch for price reactions when entering these zones
Zone Breakouts: When price decisively breaks through a zone, it often indicates trend continuation
π§ Fib Matrix provides structural context to price movements and helps identify key decision points in the market.
FIB Matrix is useful to identify not only reversals but also trending structure areas, Price will often ride inside these bands to indicate stronger trends on multiple timeframes, When price fails to hold up, The fib matrix can act as a magnet to show case short term bounces / areas of interest. Its a strong tool to use in combination with other indicators to confirm these shifts of trend.
