DSKY - good idea for long:
1. Retest of previous short trend (weekly timeframe)
2. Alltime level retest (weekly timeframe)
3. Break of current short trend (hour timeframe)
Profit / risk:
- take at 101 at 50% Fibonacci level (18.6%)
- stop at 82.9 below previous candles shadows (2.6%)
Entry after breakdown of upper or lower border of triangle.
Stop order placed behind another border.
Take at 50% Fibonacci (if long) or at previous long trend (if short).
Entry after breakdown of upper or lower border of triangle.
Stop order placed behind another border.
Take at 50% Fibonacci (if long) or at previous long trend (if short).