Fibonacci Trading - Symmetrical Pullbacks

Symmetrical Pullback Analysis using Fibonacci Extension Cluster Set-Ups is a proven methodology that helps traders to find meaningful support and resistance levels. As you can infer from this example, Apple had a 52-Week high recently, followed by a symmetrical pullback that could have given you a nice shorting opportunity or in case you wanted to go long, you would have known where to set your Buy-Limit order. Of course, plain price action analysis could have told you pretty much the same, but better be safe than sorry.