Been a while since I posted here. My recent personal life has been chaotic, and I won't go into that. Also, it seemed redundant posting same tools that work. But, make no mistake, when you try to trade it, it is not easy. There are multitude of factors seemingly unknown that affects the markets. Keeping it simple is always the best approach, many agree, and here is one that is pure and simple using the fibonacci tool. It is a classic example of 50% retracement and -23.6% extension target. Watch how the price gyrated in between to achieve this move, and understand that is it not easy to trade even simple strategy like this. What is required is faith and patience, perhaps they are also called discipline.
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