A special today... I just saw this and thought it was a good opportunity to show how I use Fibonacci and geometric symmetry to help do some projections.
Here are the steps for the SPY hourly charts currently...
1. Draw a Fibo retracement from the last high (22/7) to the last low (22/7)
2. Note that the rebound (currently) only got to the 0.5 (50%) Fibo...
If you like this analysis, please make sure to like the post!
I would also appreciate it if you could leave a comment below with some original insight.
In this post, i'll be focusing on the psychology aspect of trading and investing that most people overlook.
Contrary to common belief, in my personal opinion, understanding a trader and investor's own psychology...
Understanding and having a basic expectation of how the market tends to move is important not only for traders, but for investors too.
If you get in too early, you suffer unnecessary drawdowns.
If you get in too late, you will either suffer losses, or miss the train.
In trading and investing, there is more than just entry and exit.
