Wait for pullback to around 50 fib level....(light blue line) if price closes under the blue line it sits above....76 fib level
Take profits at 161 fib level blue line on top
How 🤔 ever if price closes above the blue line it sits above... wait for price to touch that same blue line 76 fib level and buy and take profits at the same blue line at the top 161 fib level
However if price breaks thru 76 and 50 fib levels wait for pullback to 50 fib level and sell this pair back to the very last high
Take profits at 161 fib level blue line on top
How 🤔 ever if price closes above the blue line it sits above... wait for price to touch that same blue line 76 fib level and buy and take profits at the same blue line at the top 161 fib level
However if price breaks thru 76 and 50 fib levels wait for pullback to 50 fib level and sell this pair back to the very last high
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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.