Setup: The index collapsed following the global economic meltdown. We are currently seeing a possible retest of the 38% fib level after being rejecting at the 50% level, indicating weakness in the buying forces in the markets.
Trade: Selling the index at the current level, setting the SL slightly above the last high at the 50% fib, and the TP at the corresponding -61.8% level.
Trade: Selling the index at the current level, setting the SL slightly above the last high at the 50% fib, and the TP at the corresponding -61.8% level.
Trade active:
Moved SL to BE