My theory is simple, every time the .23 Fibonacci zone is broken, there is a 60% chance of touching .38 and a 40% chance of touching .61
Trade active
For Short:SE = 41500
TP1 = 31500 (60%)
TP2 = 20200 (40%)
SL = 50700
For Long:
LE = 20200
TP1 = 31500 (60%)
TP2 = 51500 (40%)
SL = 16500
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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.