GoatG

GoatG

SPX created a higher low as well as a higher high. using fib from low to high following the trend. I'm expecting SPX to dip down to the .618 level and continue bullish.

GoatG

In the daily timeframe it created higher high and rejected off the all time high. so I used fibs from the low to the high and I'm expecting it to reject off the .618 level and continue bullish.

GoatG

On the daily timeframe you can notice a head and shoulders pattern also fibs rejected off the .618 level continuing bearish.

GoatG

After a couple days of Bullish trends I noticed rejections off the HOD (high of day). Waited for the rejection to enter for a short sell.

GoatG

After the Asian session there was a false trend direction to trap the short sellers, then price shot up and continued the actual trend.

GoatG

I took this trade on the fly but as you can see after the Asian session there was a false trend to trap you into taking a position. waited for the rejection and as you can see. I caught 40 pips.

GoatG

GU short

GoatG

going long

GoatG

fibs!

GoatG

Based on the uptrend and the fib levels, its expected to bounce off/ in between the .618% & the .50%

GoatG

The rejection off of .618 gives one confirmation of the downtrend to continue for a couple hundred micro pips.

GoatG

based on fib levels its bouncing off .618 which means there is a change for the down trend to continue as well as the RSI price being at a high buy level.