Short setup on PTIR 15-min** using **Fibonacci retracement** and recent PA:
#### 📌 **Context**
“PTIR just slammed the 1.618 extension like a brick wall. RSI's giving up, supply’s stacked, and we’ve got a clean Fib ladder down for targets. Time to ride that elevator back to value town. This ain’t the time to chase green — it’s time to fade the froth.”
* Price just tagged the **1.618 Fib extension** from the prior impulse (\$25.30 → \$26.57).
* RSI divergence confirmed → momentum fading.
* Rejection wick at **\$30.24** + supply zone forming → prime shorting conditions.
### 🔻 **Short Setup**
* **Entry Zone (Sell):**
Between **\$29.33 – \$29.44** (Fib extension zone + supply)
* **Stop Loss:**
Above recent high: **\$29.66**
* **Take Profit Levels (using Fib Retracement of entire move \$25.30 → \$30.24):**
* **TP1:** $26.36** (Demand Zone)
### 🧮 **Risk/Reward Estimate**
* Entry: \~\$29.60
* SL: \~\$30.60
* TP: \~\$26.36 → **R\:R \~ 3.25**
*“Markets are never wrong – opinions often are.”* — Jesse Livermore
### ⚠️ **Disclaimer**
This is **not financial advice**. Short setups carry **high risk** — always confirm with your own system and **manage risk** like a pro.
#### 📌 **Context**
“PTIR just slammed the 1.618 extension like a brick wall. RSI's giving up, supply’s stacked, and we’ve got a clean Fib ladder down for targets. Time to ride that elevator back to value town. This ain’t the time to chase green — it’s time to fade the froth.”
* Price just tagged the **1.618 Fib extension** from the prior impulse (\$25.30 → \$26.57).
* RSI divergence confirmed → momentum fading.
* Rejection wick at **\$30.24** + supply zone forming → prime shorting conditions.
### 🔻 **Short Setup**
* **Entry Zone (Sell):**
Between **\$29.33 – \$29.44** (Fib extension zone + supply)
* **Stop Loss:**
Above recent high: **\$29.66**
* **Take Profit Levels (using Fib Retracement of entire move \$25.30 → \$30.24):**
* **TP1:** $26.36** (Demand Zone)
### 🧮 **Risk/Reward Estimate**
* Entry: \~\$29.60
* SL: \~\$30.60
* TP: \~\$26.36 → **R\:R \~ 3.25**
*“Markets are never wrong – opinions often are.”* — Jesse Livermore
### ⚠️ **Disclaimer**
This is **not financial advice**. Short setups carry **high risk** — always confirm with your own system and **manage risk** like a pro.
Trade closed: stop reached
SL REACHED
By Dubai Traders Hub
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Follow us on X , YouTube, and Join our Telegram Channel
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.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
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.