Another close and the golden ratio becomes resistance and the full retracement opportunity arrives. Fibo
We are under the 61.8% level for the 3rd day, so the close today is important to filter a break. A close underneath.. cover longs A close above.. stay long
Still long, but sell stops are set.
Would like to share a very well confirmed with a time, way to filter out false reversal points for a good entry, with a very simple approach. I have tried my best to place all the information on the chart. Please feel free to ask me questions regarding subject. Also please feek free to read an article on how to count option levels here: marenno.com Sincerely