3 reasons to wait for a buy opportunity:
1. direction is bullish
2. break and retest, price broke structure, is now correcting
3. Trendline aligning with 61.8 fib retracement level, going for a 3rd touch on the trendline.
if the price does not provide a bullish entry confirmation but instead breaks below, then this is Friday fake-out!!! that's why we wait for a confirmation.
1. direction is bullish
2. break and retest, price broke structure, is now correcting
3. Trendline aligning with 61.8 fib retracement level, going for a 3rd touch on the trendline.
if the price does not provide a bullish entry confirmation but instead breaks below, then this is Friday fake-out!!! that's why we wait for a confirmation.