A trader explains how to combine Fibonacci retracements with trend lines to predict the next price move. Measure the distance from a recent high to your trend line, then project that same distance forward as your target. The pattern usually plays out in full, even when the move looks unrealistic.
This pattern's so simple and so powerful. It's based on Fibonacci and all the retracements. What I would do here is measure the distance from here. This thing went down, then we got a little bounce, it pulled back a little bit, and the height it's gonna go on the next move is from the high to the point on the trend line. And that's where you're gonna find the next move. If the high was here, and let's say the trend line was here, right? And let's say it, it brought us the next move. I would play the whole move even if it brought me out of reality because they're that powerful that they usually tend to finish.
