potential long entry.
We have a inverse fib target and bullish golden ratio.
Read my other idea if it’s confusing. Im going to ratio out a position that goes with my trading plan. Sorry phone chart. Storm took out the lights.
Imagine a Box that's being fired everytime market makes a swing.
Multiples of boxes of bear/bull. That is what fib is 0 to 1.
Many people say "So its going to go up or So its going to go down?" well answer to that is BOTH.
They are always fighting and more often than naught one will break and other one will move on to its multiplier.
Pretty simple and powerful stuff.
Follow up on the previous bull chart. Lower frame next. See those zones just leads into one and another making bull and bear setups in process. Practice precision entries and proper risk management. Paper trade first to make the infamous “i hesitate” fear go away. If you know by paper trading that your system works then you wouldn’t hesitate to pull the trigger....