Fibonacci retracements have been very accurate the last few weeks as certain markets move into a trading range.
What blows me away is that Fibonacci has been dead for over 750 years and yet today, in a world Fibonacci could never have imagined in his wildest dreams 750 years ago, we are still using his very old formula to accurately make money in the stock market.
If you are a regular reader of Guerilla Stock Trading then you’ll know that a couple of weeks ago I took a look at the gold market. I predicted a pullback in the spot gold market to $924.73. Well last week that’s exactly, to the penny, where the spot price of gold pulled back to! I picked this level because it is exactly a 61.8% Fibonacci retracement.
But gold was not the only market this happened in. In the video below, I show you a major market that did a Fibonacci retracement and how you can profit from it.
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