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EndofDayTradingUnderstandingFibonacci Clusters

DisclaimerTrading in any form involves risk. The information presentedrepresents the views of the author as of the date ofpublication. Because of the rate with which conditionschange, the author reserves the rights to alter and updatehis opinion based on the new conditions. This training is forinformational purposes only and the author does notaccept any responsibilities for any liabilities resulting fromthe use of this information. While every attempt has beenmade to verify the information provided here, the authorcannot assume any responsibility for errors, inaccuracies oromissions. Any slights of people or organizations areunintentional. By participating in this training, you aredeemed to have accepted any risk of loss as your own. 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci ClustersWhat is a Fibonacci Cluster?Where we have an over-lap of Fibonacci retracement levelswhich have been drawn from multiple points, which over-lapwith the level where the trading opportunity has manifested itselfWhen do we use them?Typically whenever we have cyclicity in the market, demonstrating keyswing highs and swing lows.Why do we use them?They are an extra reason to support our trading decision. While a Fibonaccicluster on its own represents a ‘tick in the box’, we need to identify morereasons to validate the trade as a single reason in support of a trade issimply not enough.Why do we use them?Let’s find out! 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToPrice action in a down-trend, demonstrating keycyclicity making lower highs and lower lows 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToFibonacci Retracement drawn from last majorswing high to the most recent swing lowCan you see how the bearish pin bar reversalrejects the 0.618 Fibonacci level? 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToFibonacci Retracement drawn from the start orthe move to the very start of the trendCan you see how the bearish pin bar reversalrejects the 0.382 Fibonacci level? 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToThe two combined and the cluster confirmed! Canyou see how the 0.618 overlaps with the 0.382?.AND our ‘activator’ bar 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

What else do we have?We may have identified a Fibonacci cluster –but WHAT ELSE do we have in support oftrading this bearish pin bar reversal for along trade? 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How To-A bearish pin bar reversal (high test)Rejecting a soft level.Psychological number @ 15100Reversal on the hourly timeframeAbove: Head and Shoulders on hourly 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci ClustersSo how do we do this in an uptrend?.In exactly the same way –except the other way around! 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToPrice action in a up-trend, demonstrating keycyclicity making higher highs and higher lows 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToFibonacci Retracement drawn from last majorswing low to the most recent swing highCan you see how the bullish pin bar reversalrejects the 0.618 Fibonacci Retracement level? 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToFibonacci Retracement drawn from last majorswing low to the 2nd most recent swing highCan you see how the bullish pin bar reversalrejects the 0.50 Fibonacci Retracement level? 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToFibonacci Retracement drawn from the verystart of the trend to the most recent highCan you see how the bullish pin bar reversalrejects the 0.382 Fibonacci Retracement level? 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How ToThe two combined and the cluster confirmed! Canyou see how the 0.618 overlaps with the 0.50 and0.382 Fibonacci levels?.AND our ‘activator’ bar 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

What else do we have?We may have identified a Fibonacci cluster –but WHAT ELSE do we have in support oftrading this bullish pin bar reversal for ashort trade? 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

Fibonacci Clusters: How To-A bullish pin bar reversal (low test)Rejecting a soft level.Third test off a trendlineReversal on the hourly timeframeAbove: A higher low on the hourly 2012 TheLazyTrader.com. Any reproduction or distribution prohibited and will result in prosecution

UnderstandingEnd of Day Trading Fibonacci Clusters . Disclaimer Trading in any form involves risk. The information presented represents the views of the author as of the date of publication