Lesson 4 of 8
Works as another way of spotting confluence.
Great tool for making entry and take profit levels stronger.
Remember, these Fibonacci tools are not so strong as a horizontals or volume levels, with that being said, always try to find another level of conlfuence.
With this tool, we are looking for levels that goes external from our pull range.
Always pull the tool from left to right.
Useful with harmonic patterns.