http://www.youtube.com/watch?v=b41dy3_sb0U

I me try to summarize what made out of this lesson. The core idea of this lesson is to identify a potential continuation of a trend in a higher time frame (day) using trend break and Fibonacci level.

Identify a counter trend break. Access it. Look for its stall (/\) at 38.2% Fibonacci level. Potentially, the stall (/\) can become the start of the continuation of the trend.

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How do we evaluate the potential?

Zoom to the lower time frame (hour) of the potential continuation of the trend.

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Assess the stall (/\): if the stall qualifies a trend break in the lower time frame, we enter a trade. The target price is 68.3% level of the counter trend*.

* counter trend:

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