We had a market structure shift (MSS) followed by a break of structure (BOS), then a second BOS that triggered a retracement into the Fibonacci Optimal Trade Entry (OTE) level, forming a swing high — an ideal setup to go short.
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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.