Long
1VG | Bounce play
-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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.