More info to come on this theory. Ideally we'd wait for a 61.8% Fib retrace to improve the currently inverse risk/reward.
Just wanted to post this here for posterity and to encourage myself to pursue this theory as it currently looks VERY interesting...
Just wanted to post this here for posterity and to encourage myself to pursue this theory as it currently looks VERY interesting...
Note
Interesting - it worked as predicted! Great. On to the next.Disclaimer
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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.