This is a trader's market.
The right strategies are printing money while the rest of the timeline is confused
I've used this playbook to make money on major moves in the last 3+ months.
The Ultimate Fibonacci Retracement Guide:

A major mistake most traders make on these bounces is holding too long till failure.
For example;
If price bounces from a 0.382 level to the 0.236 level, it's better to take profit and take the easy money rather than holding too long and watching the bounce retrace.

To use Fibs for exiting and entering trades,
Make sure to use these levels as points of confluence with key Support and Resistance Levels.
Example: If a 0.786 level lines up with key S/R and the level breaks, it might be time to flip your bias on your long.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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