Possible Short or Long position
Updated
-Daily is on an uptrend
-4 hr is on a downtrend and has a fib that pulls back to 23 and has not hit -27 yet
- 1 hr is on a current downtrend but has two different fibs
.Fib 1 is on a uptrend fib that pulled back 88 and never hit -61 could go
up to hit -61 and pass the 1 hr downtrend
.Fib 2 is on a downtrend pulls back to 38 could go down to hit -27 touching
the daily trend line
-4 hr is on a downtrend and has a fib that pulls back to 23 and has not hit -27 yet
- 1 hr is on a current downtrend but has two different fibs
.Fib 1 is on a uptrend fib that pulled back 88 and never hit -61 could go
up to hit -61 and pass the 1 hr downtrend
.Fib 2 is on a downtrend pulls back to 38 could go down to hit -27 touching
the daily trend line
Trade closed: target reached
turned out to be the first Fib which made this one a Long position past the -61 and still going up as of now.
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