The golden zone is a zone in between the 0.382 and the 0.618 retracement zones.⠀⠀
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We call it the golden zone because it is a zone that price often reverses out of a retracement and continues in its overall trend.⠀⠀
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In the example above , price came down to the golden zone, 0.618 retracement zone to be exact but all entries inside this golden zone would have been good, valid and profitable entries.⠀⠀
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Work on spotting that golden zone and looking for confirmations of an entry!

DO NOT just enter because price has come into the zone, look for other signs such as candlestick patterns, increased momentum etc.

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We have covered candlesticks previously and we hope you gained some knowledge, however some people can misunderstand the use of candlestick patterns.

They do NOT determine trading areas, they are used to confirm trading areas and price reversals.

This is why they should only be taken note of at the significant structures in the infographic above.

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