ttrold

ttrold

A drop to fib .618 - .786 levels after such a steep uptrend is totally healthy; am i wrong? I shorted from 599 EUR as per my own TA attached and advice of many others here at TV. Now those who themselves suggested a drop, has turned bearish. I do not get it. I will be looking for signs of reversal between 450 and 375.

ttrold Updated 

Based on various analysis by others, this is the strategy I have decided to apply to my trading. Wait untill we reach the buyzone, and then wait for price signals to confirm that we have a reversal. I have linked to the sources for my inspiration below.