Sweet Spot Fibonacci

The #sweet #spot #Fibonacci trading zone is the zone between the 50% and 61.8% Fibonacci retracements. To use the sweet spot Fibonacci trading strategy there should be two things:
1/ prior bullish or bearish trend or price-action.
2/ price starts changing direction.

One will draw both the 50% and 61.8% Fibonacci retracement levels. Understand that the bullish zone is above the sweet spot Fibonacci zone and bearish zone below it.

If the price is in the bullish zone, and it starts declining, the bullish traders will do everything to keep it in their zone. In other words, the price has more chance to rise in the bullish zone, but any time, it tries to go into the bearish zone from the bullish zone the bullish traders will double their effort to stop it at the 61.8% Fibonacci retracement level.