SPY/QQQ Plan Your Trade For 8-12: Gap/Breakaway Pattern

8月12日

Watch this video to learn why the Vortex Rally is building a base and why it is important that price stay above the 0.382 and 0.50 Fibonacci price levels as the base forms.

You'll see how these Fibonacci price structures are key components to all of my research and how to use them efficiently.

Fibonacci Price Theory teaches us price is always attempting to reach new highs and/or new lows. Additionally, price moves in only two modes : Trending or Flagging.

When you completely understand the mechanics of price and how price attempts to operate (see above), then you can pick apart charts very easily.

Currently, price is moving higher (establishing new higher highs) and may attempt to break through the downward 0.382 & 0.50 ceilings as the Vortex Rally base continues to build.

Stay cautious this week as we may see extended price volatility. There will be a huge opportunity (sweet spot) for traders over the next 60+ days to catch more of this big Vortex Rally phase.

Get some

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