Fibonacci Strategies
Golden Zone Reversal [GZ]
- .5 -> .786 Fib retracements are areas where the price often reverses back in the direction of the trend.
- These can often be traded, scaling out on each level and then holding runners in case a new LOD or HOD is formed.
.272 Extension Reversal [272]
- Often trending price action will reverse between the .169 and .272 extension.
- These can be played counter-trend with stops close above to minimize the risk.