How to Use the Fibonacci Tool to Trade the Iron Butterfly / Find Trades Using Fibonacci

In this video we use Fibonacci Retracements and Fibonacci Extensions to enter an Iron Butterfly trade. Learning to use the Fibonacci Price Tool in Thinkorswim is a valuable tool to learn and understand and to have in your tool kit. When trading an Iron Butterfly we are looking for areas of support or resistance. These areas of support and resistance can cause the stock to pause. Utilizing the Fibonacci Price tool can help you make better trades by finding these areas of support and resistance. In this video we go through a trade from start to finish with a follow up at the end on how the trade ended up 1 month later. Hope you enjoy this video on using Fibonacci retracements and extensions in order to make better trades around areas of support and resistance. Iron Butterly's take advantage of little to no stock movement. This video is a must to see how the trade works out start to finish and why we like trading the Iron Butterfly.

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Видео How to Use the Fibonacci Tool to Trade the Iron Butterfly / Find Trades Using Fibonacci канала Tactical Options Trading