Price failed higher high, retraces to last demand zone = 1.618 Fib Zone, 0.618 Fib from the last the swing = Fibonacci consolidation
Draw Trendline/Copy it to the CHOC low, wait for trendline fakeout. Price hits the last demand zone = Your entry
Stopploss = 0.5 Fib Zone from last swing high; Takeprofit = Higher High Resistance Zone
GG Ez MatrixV
Draw Trendline/Copy it to the CHOC low, wait for trendline fakeout. Price hits the last demand zone = Your entry
Stopploss = 0.5 Fib Zone from last swing high; Takeprofit = Higher High Resistance Zone
GG Ez MatrixV
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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.