Using previous candles to aid in understanding what the patterns have been within a certain underlying can assist in being able to identify high correlation areas that contain a greater probability of price action.
Using a mixture of fibonacci retracement tools, standard deviation and trend lines we can create a high correlation area that allows us to be able to have a target price with our trading strategy and exit price points as well.
Using a mixture of fibonacci retracement tools, standard deviation and trend lines we can create a high correlation area that allows us to be able to have a target price with our trading strategy and exit price points as well.