Open trading account
1.Draw trendlines lines to determine market direction.2. Find and mark the lowest low of the uptrend or the highest high of the downtrend.1. When Section A is complete find and mark the lowest low of the uptrend or the highest high of the downtrend. Two candlesticks to the left and two candlesticks to the right higher than the center wick low.2. Find and mark the very first high after the first low. Two candlesticks to the left and two candlesticks to the right lower than the center wick low.3. Spread Fibonacci from the A to the B Boundary.4. Determine the C pull back. The deepest point between the A and the B without taking out the A. 5. Determine the Fibonacci extension (D) based upon the C pull back.6. Enter a trade at the C point and take profit at the next available point. The your take profit point will become your D point.For the next setup your C point will become A point.
