When trading in the direction of the trend, the most profitable way to do so is to wait for a pullback – a temporary change in direction against the trend, before it continues on.
How do you know when the pullback is over? The 79% strategy uses a combination of Fibonacci, fractals and swing highs/lows to find the optimal point to enter into a trade.
This course will show you how to develop decision making using discretion when drawing Fibonacci levels and how to find a market direction, as well as a good entry point.
The second module contains the baby 79% pullback pattern. This pattern builds on the principles of the 79% pullback pattern, however, it is adapted to allow you to enter into counter-trend trades. Due to the minimal risk, the risk to reward is often better than the standard 79% pullback pattern.
By taking this course, you will learn: