The CMatrix setup is by far the most reliable predictive system I have ever came accross in my 15 years of trading, and as long as price is trading within the limits of the setup, we always have the inner key levels to use as highly reliable potential price targets.
However, at some points in time price action actually breaks out of the setup, and as a result, force us to use a different technique to reliably find a new set of potential price targets.
In these cases, I quickly switch gear and apply the Fibonacci projection technique to help me pinpoint reliable price targets even without the CMatrix framework that becomes irrelevant once broken.
Altough there are a few different Fibonacci projection levels to choose from, I like to keep my focus on the 1.618%, as I find to be the most important and reliable projection level to aim at in a real-time breakout.
Check out how I've recently applied this perticular predictive technique to make a "killing" on a bullish position I had taken on the EUR/NZD a couple of weeks ago.
