Summary
Highlights
The presenter introduces a new strategy using Fibonacci due to high demand and promises to provide various strategies in upcoming videos.
The strategy will be utilized on the 1-minute and 5-minute time frames between 8:00 to 9:00 AM New York time. Identify the last peak and trough before 8:00 AM.
Explain the settings for Fibonacci, drawing it from the market structure shift to the displacement peak, for both upward and downward trends.
Entry is at the OTI zone with a stop loss above or below the 1.0 Fibonacci level. Targets are set at the 0 and -27 Fibonacci levels.
The strategy is applied on the SPX chart as a demonstration, showing how quickly trades can conclude within minutes.
Encourages viewers to test the strategy on demo accounts, to ensure it's suitable and effective for their trading style.