Below is a 5-minute chart of the E-mini NASDAQ (NQ) from Friday. I am going to explain how I use Fibonacci now in the context of how I used Fibonacci in the past - so, if you are not familiar with my trading you need to read past posts in this blog. A good place to start is by clicking "WELCOME, LINKS TO KEY POSTS, RESOURCES" at the top of the page. On that page, I link to several "key posts" one of them being "How I Trade, and Analyzing Charts".You will notice 5 black lines on the chart (someti[...]
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[Source: The Money Blogs]
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