Fibonacci Trading: How to Master the Time and Price Advantage
A major low was made on the daily Nasdaq cash on 7/18/06. After this low was made, we can find quite a few examples of symmetry in Figure 7-4. The corrections that I’ve labeled here are 48.08, 53.56, 42.15, 46.85, 42.96, and 52.60. Notice the similarity between some of these swings within the uptrend. There were at least a couple of potential symmetry trade setups on this chart.
FIGURE
7-4
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