Lesson 3 of 8
In Progress

Fibonacci Negative

Another way of spotting a confluence. 

Fibonacci negative measures the moves that go external from the pulling range.  

I would never ever use this method alone for entering a new position. This tool is not super strong and works only as a smaller confluence. 

Helpful for take profit levels. 

Extra effective in all time high market in combination with extension and expansion tool. 

You can predict where price could possible reverse even though price never been there before.