Fibonacci Fans!

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I am a fan of fibo on seashells.

Fibo works perfectly on seashells (and not trading).
 
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I would use the Fib Extension from the 3.13 low on 7/18/22 to the 3.96 high on 11/14/22 back down to the 3.72 low on 1/5/23. The next move I would trade is a long to the 4.24 61.8% level.
 

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Lotta coincidences in there...
A simple price action trader such as meself could watch for something like an engulfing at 62%, or 27%, or hell, any of them lines and test those to see what's what. ...Or pay a 5th grader to do the work for a buck a line till a proper number are recorded and screenshot. Maybe let them do some math on a spreadsheet to compute some probabilities if they bahave. Not a bad deal for a hundred bucks.

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How I use them is that I try to find pivots on longer timeframes and look to take long or short positions to reach key Fibonacci levels and then combine it with a trend strength indicator and an overbought/oversold indicator to determine if the move will have enough strength to reach the key fib level.

It is showing a strengthening trend on the daily chart. If it holds then I would hold the trade until the 100% 4.5693 level.
 
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MKTrader said:
Just order my $1,997 course and I'll teach you decipher it and make a fortune...along with the secrets W.D. Gann took to the grave.
More...
Just come over to the ES Journal and join me in posting real time trades. If you're as good as you claim, I don't see why that should be a problem. After all, I do it all the time.
 
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