Disliked{quote} Institutional traders have targets they need to meet each day in terms of profits. When they enter a trade they will have a profit target that they will aim for. You can use the Fib tool to measure where this target is going to be and where profit taking and a possible reversal point will be. Those targets however are not Fibonacci ratios. There is also a certain area they will take the market too for a reversal when they manipulate price in the wrong direction to pick up liquidity. The algos are also programmed with these target levels....Ignored
Do think that institutions use anything other than order flow? What do you think about it?
Another thing to consider, do you think that institutions have daily targets? Or do you think that institutions monitor risk and exposure daily? What if the volatility is not there?
If you are good at something, never do it for free--Joker