Last lesson for today. I want to catch something moving in a direction, after it pulls back and starts to continue, based on wave theory and fibonacci, among other things, of course. When you trade something going in a direction u can wind up in this......(a diagonal usually indicating price reversal, at least this type)...Just put your stop above the high right? Nope. The reason it pulls back so close to the high but doesn't break it is because they want to create the illusion that you can set a stop above the high and let it run.... But the spread will get it.....Hehehe... I'm still on the buy though until structure changes.
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.