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How do you find the next Fibonacci price target after the market breaks above 161.8%?
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Breakdown
0:00lesson
Fibonacci levels and retracement targets
- 1.272 and 1.414 levels show price selling
- 1.618 level is current price
- Next level starts after 1.618
- 200% retracement at 8700
- Measured move requires standout low and high
- Recent low and high used for analysis
1:52lesson
Identifying wicks and bodies on a chart
- Focus on wicks and bodies for consistency
- Body identified as high and low
- Zoom in for precise analysis
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