Double Sell Fibonacci Pure Price Action Pattern

This video describes something we've called a "Double Sell Golden Zone Multiple 'R' Setup".

It consists of two Fibonacci Golden Zones or as we call them, an Outer FIBCON and an Inner FIBCON. It's a Pure Price Action pattern, i.e. involves no indicators or candlestick patterns and forms regularly on the 1 minute and 5 minute charts.

The purpose of this video is to document the pattern so we can use it to support internalizing the pattern and develop the pattern recognition skill. We believe this pattern is worth mastering as it not only offers great trade setups but also nutures the trusting of - accurately identified - chart structure, encouraging the trader to let trades play out instead of closing out early only to see the trade go on to be a winner.

The Trade Tool allows this pattern to be traded with precision on the intraday time frames whilst controlling risk. We start by showing what looks like price just randomly moving up and down and then we overlay the Outer and Inner FIBCONs to reveal some beautiful and tradable Fibonacci symmetry built into the Price Action.

There are some traders who dismiss the lower time frames such as the 1-minute and 5-minute as irrelevant and consisting only of noise, this is not our experience. When watching this video which shows the 1-minute time frame note the precise symmetry and zones/levels of support & resistance that undergo a role-reversal. The fractal nature of price action can be observed on all time frames.

A few days this video was produced yet another great example of this pattern formed on the 1-minute chart. Follow the link below to see this, it shows how it's NOT a one-off pattern but one that forms regularly and is worth mastering.

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The commentary starts at 9 minutes 26 seconds in as mentioned in the description.
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Pure Price Action: 'the language of the charts' speaks only of structure.

This structure consists of 'Support & Resistance' in all its forms.

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