"The higher fib numbers really are giving you that important equation: price = information. They are screaming exhaustion. If you do the work in your currency pair, you will see that the market action after hitting these levels almost always involves retracement or the start of a bigger move in the opposite direction. Is this not valuable information?" from The Tunnel Method, by Vegas.
OK, so I know the play is to fade extreme fib levels. I just don't understand HOW you're supposed to know when to get in. I attach 4 charts showing currencies that are CURRENTLY at their exteme fib levels. How do we play Vegas Fib exhaustions?
OK, so I know the play is to fade extreme fib levels. I just don't understand HOW you're supposed to know when to get in. I attach 4 charts showing currencies that are CURRENTLY at their exteme fib levels. How do we play Vegas Fib exhaustions?
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