Looks like NEO just barely broke the swing high after hitting resistance and bouncing back. Look for a retracement for a long around 16.85. This is a 4 hour chart so you might be able to pull in some good shorts if you find the right setup on a 15 min time frame. Like if you can keep finding patterns like these on the way down, why not sell too?
Trade active
Redrew fib to low to high and entered on the 62%, with spread at 70.05. Aiming for 21.00 at the symmetrical turnNote
A better look at fib and entryTrade active
Taking profits.Note
Hold on it it, it's still going to go higher. it created equal highs which is buy side liquidity. You'll see another run above this. Note
Told ya :) Note
Took 50% profit with this. With this fib that has the optimal trade entry above mine, it has hit the symmetrical level. Now expect a retracement. I'll be looking to see where too.but here's the fib chart.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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.