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EXERCISE
DISCRETION!
Watch the price action, if there is a move south and SUP Zone 2 is reached, either
look for retracement back up, or a continuation of the price action into SUP Zone 1.
Once in the Zone1 price action will reverse (frequently). Vice versa for the move
north.
Some days price action will stay within two zones and won’t reach any, these are
ranging days.
Following are the Fibo zones for trade setups for June 02 2006.
CABUL
YEN
GOLD
Trading within 1,2 zones on June 01, price action arrived into
SUP Zone2, and attempted SUP Zone2, retraced back up, now
price is contained within ZONES 1-2 and below mid-point.
Daily RSI is SOUTH.