this zone marked is potential reversal zone . expecting reversal from that zone.buyers can look for buying confirmation inside the zone.
-- for target , mark fib retracement on C to latest swing low and keep 0.5 fib value as tgt.
-- sl is candle close below this zone
-- if candle closed below this zone , this pattern is invalid. ignore this pick
-- for target , mark fib retracement on C to latest swing low and keep 0.5 fib value as tgt.
-- sl is candle close below this zone
-- if candle closed below this zone , this pattern is invalid. ignore this pick
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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.