ANOTHER WAY TO TRADE CANDLESTICKS

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STEP 1: Choose a long bullish or bearish candle in the daily chart.
In this example, we will use the 9/28/26 bearish candle.

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STEP 2: Draw a Fibonacci from the top body of the candle. Don't use the wicks.
The wicks are just overbought/oversold areas.

The Fibo golden zone is between 38.2% to 50.0% to 61.8%.

As you can see, the prices hit the golden zone and bounce back.
If the prices break out above Fibo 61.8%, then the trend is uptrend.
If the prices break out below Fibo 38.2%, then the trend is downtrend.

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