Price had a bearish move.
Price retraced back into a 38.2% to 61.8% Fib and has consolidated there
Buy stop above 61.8% fib and resistance level 571.12
Bullish Take profit at 100% fib & 1.272% fib
Sell stop with a close below 38.2% fib
Bearish take profit at 0% fib & -.272% fib
Price retraced back into a 38.2% to 61.8% Fib and has consolidated there
Buy stop above 61.8% fib and resistance level 571.12
Bullish Take profit at 100% fib & 1.272% fib
Sell stop with a close below 38.2% fib
Bearish take profit at 0% fib & -.272% fib
Note
Previous consolidation lasted 2 1/2 daysNote
Possible sell comingNote
HEY!! Everyone who is a real chameleon trader who can have a directional bias but if the market decides to do the opposite can change colors and make a trade with what the market is really giving to you. I was looking for a short and forgot to trade the range bounce off the bottom back up to the range top TRADE!! Please, those of you that got that trade make a comment and share with us your charts!!Note
Range Top Breakout - Entered Long tradeNote
1H/15m trade setups
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.
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.