 
To figure out the reversal at Fibo 161.8
It reverses very nice at fibo 161.8
 
make a trade here for 5min PUT
 
 
let's check other charts as well
the next one
here you can see a nice spike on the candle
draw a line for 0% Fibo here
and the last higher price is here
it makes a retracement
 
and don't forget the highest price in the past like this one here
this is the zone we are looking for a reversal
 
here in red box
 
so we start with the fibo
 
price come from the bottom and go to highest price
 
 
start with 100% and go to 0%
from 100 to 0%
and then we have a zone
161.8
here as you can see
and the top zone is zone of the candle spike
this will give you a nice reversal
you can make a trade for 5min PUT
and wait until it going and retouch the spike
check also the candle pattern for reversal pattern
a long candle with spike is always a signal for reversal
 
it follow a bearish candle
 
harami candle
 
long spike again
and break the price to down direction
 
it show that the price will go down
and not coming again
 
let's check other case like CALL position
 
...
 
as you can see price start with down direction
we have several point for a break
now you can draw a fibo level
start from the top and go to the next retracement
 
 
and watch left of you where the lowest price is being
...
price going down and cross fibo level
 
 
 
draw a fibo like here
the second fibo like here
 
now you see 2 fibo level overlap
 
it cross fibo level 161.8
 
 
long candle like here is nice too
 
 
 
 
 
you can see a fibo cluster 161.8 and 127
 
can be use for reversal trade
take a trade for 5min CALL or more
this is how you figure out the reversal point
the reversal point is mostly at fibo zone 161.8 and 261.8
 
 
 
 
 
check candle pattern as well for confirmation
 
long spike at the reversal point
 
this candle spike is longer tha 50% of the candle body
it tell you a reversal pattern
 
this one here how do we gonna draw a fibo level?
draw on the bottom a line
you can see alot of spikes candle
here a break
draw all the line you can see
 
 
and here also a highest high in the past
we wanna figure out the reversal point here
 
it come from the bottom and go to the top
2nd option draw the fibo level like here
 
this is importan
 
 
 
 
like here the first fibo level
the second level gonna be here
 
you see 2 fibo level that overlap
 
level 161.8 and 261.8 is very close together...and this is nice
 
nice reversal
 
confirm witha reveral candle like engulfing candle
 
this is the signal for PUT
 
this video teach you how to use fibonacci cluster
 
thanks for watching and see you next video
