I am smelling a retrace such as the one that took place between 16-19 January.
Regardless of this retrace, the bias is upward.
With MA200 now being conquered and confirmed, the next target is set at EMA300 which now coincides perfectly with the 2.618 Fib. extension... When my moving averages coincide with the Fib. numbers I take it as confirmation.
How long it takes to get there doesn't really matter, our style is buy and hold.
If it breaks below our chosen stop, we close.
The rest is just to wait... Patience takes care of the rest.
Namaste.
Regardless of this retrace, the bias is upward.
With MA200 now being conquered and confirmed, the next target is set at EMA300 which now coincides perfectly with the 2.618 Fib. extension... When my moving averages coincide with the Fib. numbers I take it as confirmation.
How long it takes to get there doesn't really matter, our style is buy and hold.
If it breaks below our chosen stop, we close.
The rest is just to wait... Patience takes care of the rest.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
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.