Bounce back price patterns from TrendLines and Febonacci levels are some of the best trade set ups. You need to get a confirmation from Febonacci retracement levels for accurate trade entries.
Also, same is applicable for TrendLines. Though there is nothing as a 100% accurate entry, but Febonacci trading can give almost 90% accuracy of trades with almost no drawdown if the entry is right at the right febo level and during volatile markets.
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