Combining Fibonacci Price And Timing To Catch Reversals
Let's talk about timing this week. Timing does not always kick in for a market reversal ... but it's always worth watching in case it does!
On this daily chart of NDX cash, we had a Fibonacci support cluster last week suggesting a possible low and reversal back up. The timing cycles were due Oct 4-7, plus or minus a day. Note that the actual low was made on Oct 4.
So far a rally of 625 NDX points has been seen off this last timing cluster. Remember that timing gives you a heads up for possible reversals!