About Lesson
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