Long
Fib-Level reached. Good chance for a big profit.Fib-Level reache
After a huge selling, we reached the standard retracement-level. I expect now a long trend to the highest high. We get the best risk/reward ration if we close our trade on half way in case of a correction of the short trend.
A good entry is given, if we wait until a long candle arrives and further long signals are created, e.g. by MACD or RSI, which signals our direction change.
If price moves lower the fib-level, do not trade!
A good entry is given, if we wait until a long candle arrives and further long signals are created, e.g. by MACD or RSI, which signals our direction change.
If price moves lower the fib-level, do not trade!
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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.