Correctly drawn Fibonacci levels yield perfect entry, exit, re-entry, exit & 2nd re-entry $NQ

I tell every new student this, “If you give 10 people a chart and ask them to draw Fibonacci levels on it, you’ll get 11 different draws.”

If you draw fibs correctly, you get highly accurate entry and exit levels; case in point below.

  • Short entry level = 4539.25. High = 4539.25
  • Target ┬áHit at 4509. Low = 4509.
  • Re-entry long = 4509.
  • Short entry again = 4535 – 4539.

NASDAQ E-Mini Futures – 1-hour chart

NASDAQ E-Mini Futures

NASDAQ E-Mini Futures

Thanks for reading and always use a stop !

Dave

 

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