Fibonacci Trading System Part 3

Fibonacci Trading System Part 2

The above image is of Nifty Future intraday 15 min chart. I have highlighted the various UP and DOWN Fibonacci levels with green and red colour, blue colour line indicates the HIGH and LOW of the candle, blue coloured dash line indicates the CENTRE of the candle. I have highlighted Fibonacci level upto 423.6%, but the AFL can plot 685.4% and 1109% levels too.

This system needs to identify certain candles which have importance and these important candles are highlighted by red and blue circles...

There is no magic to identify these candles. It is a simple rule...Guess...If unable, I will tell.

The system will identify the MASTER Candle. For intraday, we will need first candle too.....

I used to call this candle as a MAIN Candle. But now I will call this as MASTER Candle. Why? Recently, I came to know about a system by NickB...where he calls such candles as Master or Magic candles... So I too call them......MASTER CANDLES....No issues!!!

You can get this small book here.

So lets start.....

I will explain it on intra-day, daily, weekly...charts.....

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