Strategy 5: The Fib extension method
• When price breaks a trendline and begins to move to 0.5 fib level,
• The inability of price to go beyond the 0.5 level is an opportunity to take a trade
• Enter a trade at 0.5 and close at extension of -0.27
• When price breaks a trendline and begins to move to 0.5 fib level,
• The inability of price to go beyond the 0.5 level is an opportunity to take a trade
• Enter a trade at 0.5 and close at extension of -0.27