Look like we got a zigzag correction right here.
A nice red candle just breaks the trend line which is a signal for ending the correction (or breaking the flag).
61% FIB is a good point to bounce back.
We also clearly see the LL and LH. that means bearish market.
Those are enough reasons for us to enter the trade.
A nice red candle just breaks the trend line which is a signal for ending the correction (or breaking the flag).
61% FIB is a good point to bounce back.
We also clearly see the LL and LH. that means bearish market.
Those are enough reasons for us to enter the trade.
Note
Target 1 reached, keep small portion and let it run
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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.