A little different then my normal trend and momentum trades. For this trade, I am using some fibs, point of interest and a break of the 1 hour swing point. We had a good push that broke the previous 1 hour swing point, it created a point of interest on the buy candle just before the break of the at structure. Created a zone on the buy candle before the break of structure. That zone also is correlating with the .50/.618 fib level from current level and the top of this bearish run. If we keep pushing lower then this idea will have to be reevaluated.
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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.