Strategy 4: 0.618 fib confirmation swing
0.618 fib confirmation swing
• This strategy provides opportunity for multiple trades
• First swing to 0.618 occurs after breaking a trendline.
• Once price is able to swing to 0.618, certainly confirms a higher probability that price will retrace to the entry for a much higher swing.
* • This can be used on inverted charts as well.
• This strategy provides opportunity for multiple trades
• First swing to 0.618 occurs after breaking a trendline.
• Once price is able to swing to 0.618, certainly confirms a higher probability that price will retrace to the entry for a much higher swing.
* • This can be used on inverted charts as well.