Reversal at 79% Exact numbers.
Wait for a reversal bar and boom. The idea here is wait for the market to reach the level. Second we find a bar either 4hrs or 1hr to close below the open and below the fibo line. Here is a perfect example on the 4hr.
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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.