Long
1VG | Bounce play
Updated
-Consecutive violent drops (3 is ideal)
-5% to 10% red candles.
-Last candle showed sign of reversal - hammer.
TP: Next day candle or near next fib resistance.
Exit: Below ATH
-5% to 10% red candles.
-Last candle showed sign of reversal - hammer.
TP: Next day candle or near next fib resistance.
Exit: Below ATH
Note
RFB: Confluence of ATH support/PD + near the 61.8 fib level.Trade closed: stop reached
Didn't follow plan. Should have sold on the 3rd day.
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