1. Be patient, wait for the candles to reject the fib golden zone 2. At the same time the candle rejects to break above the SMA 8 (I don't show the SMAs to keep it cleaner) 3. The RSI is showing divergence wich means high possibility for bearish action 4. Go to a smaller timeframe and get yourself a sniper entry 5. When in profit trailing stop it! 6. Manage your trade properly! 7. If it's not doing what I'm saying then this setup will not be valid anymore. It needs to show rejections.
'We need to improvise the market! Nothing is 100%'
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.