1: Find the Swing high resistance zone.
2: Identify zones where price consolidates a lot and makes small reverses.
3: Once you have a big bearish/bullish momentum, stretch out your zone where price makes a lot of consolidation before making a bearish/bullish push.
4: Price must close at one of 3 levels (38, 50, 61).
Your entry confirmation will always be an engulfing candle closing opposite of your previous candle momentum you used to draw your fib.
5: TP will always be 161 and 227 level.
6: SL will always be the Fib level above or below your entry.
2: Identify zones where price consolidates a lot and makes small reverses.
3: Once you have a big bearish/bullish momentum, stretch out your zone where price makes a lot of consolidation before making a bearish/bullish push.
4: Price must close at one of 3 levels (38, 50, 61).
Your entry confirmation will always be an engulfing candle closing opposite of your previous candle momentum you used to draw your fib.
5: TP will always be 161 and 227 level.
6: SL will always be the Fib level above or below your entry.
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