Trend and momentum

Golden pocket pullback (Fibonacci)

15m–4H

The rules, in plain English. Ask Wicky “Is my setup here?” and it checks each one on your chart, says what’s still missing, and draws your levels.

The rules

Trend: a clear impulse leg that made a new high (a new low for shorts).
Zone: the 0.618–0.65 retracement of that leg, the golden pocket, from its swing low to its swing high.
Trigger: a rejection in the zone: a wick into it and a close back above 0.618, or an engulfing candle.
Entry: the close of the rejection candle.
Stop: below the 0.786 level.
Target: the swing high first, then the 1.272 extension. At least 2R.
Skip it if: a candle closes below 0.786.
On the chart: the impulse leg's swing low and high. A Fibonacci drawn on it helps.

Try this setup on your chart ›Wicky for Mac

How Wicky checks it

Hold ⌃⌥ over your chart and ask. Wicky reads the chart on your screen, on any platform, and checks every rule above, starting with “Trend: a clear impulse leg that made a new high (a new low for shorts)”. Then it answers out loud: not yet, and what you’re still waiting for, or your entry, stop and target with the risk-to-reward, drawn on your chart and locked to it as you scroll.

Trade it a little differently? Change any rule, or write your own in plain English. Wicky checks your version, not a textbook’s.

Wicky checks your own rules. It doesn’t tell you to buy or sell, doesn’t predict price and never places trades. Trading involves substantial risk of loss. ICT and Smart Money Concepts are named to describe setups; Wicky isn’t affiliated with their authors.