Plotted an extrapolation anchor points and applied Newtonian reaction space which predicted reversal. And happened to be a hybrid fractal candle.
Placed my stop loss and fractal candle and take profit at around 50% Fib retracement. Not going down to the wash line as it's too far and I don't feel comfortable.
Placed my stop loss and fractal candle and take profit at around 50% Fib retracement. Not going down to the wash line as it's too far and I don't feel comfortable.
Note
I will be keeping an eye on the previous high and see how price interact with the horizontal zone
Hold nothing sacred in search of truth
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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.
Hold nothing sacred in search of truth
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.