| Look into the future price of virtually any ticker using Fibonacci levels. You’ll be amazed how close price tends to follow these levels. Institutions use these levels to make predictions about price … why don’t you?
These two sayings have forever changed my life:
- Price always want to travel to the next level of support or resistance
- Price will slow or pause around levels of support and resistance
I’ve used these two principles to make thousands of dollars trading options. Knowing these levels is almost like being able to see into the future!
So, in this article for Option Traders, I will talk about:
- Why Fibonacci Matters and How To Identify These Levels
- Other Ways to Determine Support and Resistance: IV, Previous H/L, Order Flow, Dark Pools
- Example with SPY
NOTE: DO NOT TAKE ANY OF THE TRADES DISCUSSED IN THIS BLOG ARTICLE — YOU ARE TOO LATE. THESE ARE EXAMPLES ONLY!!!
Author’s Disclaimer: This is not trade or financial advice. This information is being presented for entertainment purposes and represents the OPINION of the author. All trading and investing, whether…
