Technical/Fundamental Trading Course Learning to trade like Smart Money and Build Wealth in the Stock Market
Deep dive into the pullback and final excess phase which is the latter parts of a trending move in a stock.
The rules for catching a pullback trade are:
- A trending move from a range breakout
- Price to retrace in an a-b-c formation
- Price must retrace either .236 or .382 Fibonacci levels from the entire trending move
- Take profit when price makes a new high at the 1.272 Fibonacci extension