Here’s a short and simple guide to trading with your **Elliott Wave + Fibonacci Strategy**:
### **How to Trade with This Indicator**
🔹 **Buy ("B" - Green)**
- Appears when the price **crosses above** the 0.236 Fibonacci retracement level.
- Indicates an **uptrend continuation** → **Go Long**.
- **Stop-loss:** Below the recent swing low.
- **Target:** 0.618 or 1.272 Fibonacci levels.
🔹 **Sell ("S" - Red)**
- Appears when the price **drops below** the 0.786 Fibonacci level.
- Indicates a **downtrend continuation** → **Go Short**.
- **Stop-loss:** Above the recent swing high.
- **Target:** 0.384 or 1.618 Fibonacci levels.
### **Key Tips**
✅ Works best in trending markets.
✅ Combine with **volume analysis** for stronger signals.
✅ Higher timeframes (1H, 4H, Daily) improve accuracy.
This strategy helps spot **trend reversals & entry points** using Elliott Waves & Fibonacci! 🚀