Price Is The Ultimate Indicator - Part 2S&P 500 Index CashFX:SPX500BradMathenyAs I continue to try to educate traders on the techniques that support price as the ultimate indicator, I'll continue to try to create more videos in the near future. In this video, I teach you about Fibonacci Defense Levels and Excess Phase Peak patterns - two of the most important and CORE elements of price structure. Price is always moving through these Fibonacci expansion/contraction ranges and continues to create new Fibonacci Defense Levels through each rotation. Each of these price rotations can often lead to an Excess Phase Peak formation (inverted or not). Identifying and aligning these structures on the price charts can be critical for your understanding of where important support/resistance channels exist and for identifying key price target levels. Remember, price is always showing you exactly where it wants to go and or where it will run into support/resistance. All you have to do is pay attention and learn how to identify these patterns to more clearly see price AS the ultimate indicator. I hope you enjoy these videos. Ask any questions you like. Get some.