What played out in the markets this month on AAPL, AMZN, NFLX and Oil is the ultimate reminder – trading on earnings and using indicators does not work. Knowledge of Price Action and Fibonacci does as we demonstrate in our Fibonacci Trading Room
All the instruments below collapsed from Fibonacci Reversal Zones despite Stunning Earnings. The video below shows when price comes to a Fibonacci Reversal Zone. Trend collapses 80% of the time no matter if you trade 5 min on S&P or weekly on Euro or daily on Oil or after spectacular earnings on AAPL, AMZN and NFLX. Price Action remains the same no matter what you trade.
