Using Fibonacci Retracement on SPY to Find New Price Levels

https://www.spyoptionstraders.com In this video I cover Fibonacci retracements because this week has been a great example of how you can use the fibs to predict price and price moves. Basically, the move on Thursday Jan 7 2021 as of the recording of this video shows a move that is exactly 1/2 of the day prior, which is a fractal of Monday’s large move down. That move, was exactly three of yesterday’s moves. Looking at the retracement extensions we can see where price will move in new yet uncharted higher prices above. If you like this type of learning, join our discord! https://launchpass.com/spy-options-trading/spy-alerts Get your free copy of my book 3 Winning SPY Trading Strategies! https://spyoptions.getresponsepages.com/ Happy trading!

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