10-6 Using Price/Fib Theory To Catch NFP Moves

This short video shows you how I used Fibonacci Price Theory techniques to identify trends, catch the biggest moves in price today on the SPY/SPX500.

This is an instructional video - attempting to show you how to use PRICE (the ultimate indicator) to help you learn to become a better trader.

How did I know price would REJECT at $425.40 this morning and sell downward?

How did I know the bottom would confirm near $421.20?

How did I know the price rejection near $421 (after the bottom) would result in a bullish rally phase?

Fibonacci Price Theory teaches us:

Price must always seek higher highs or lower lows - ALWAYS.

Failure to establish higher highs means price will attempt to make lower lows.

Failure to make lower lows means price will attempt to make higher highs.

Watch the video. Ask questions if you have them.

Price is the ultimate indicator - use it.