-Trend line broken and retested a Fib level at 23.6 level.
-Fib level 23.6 had a false breakout and a large candle just pushes it right back into a bias!
-Absolutely beautiful potential head and shoulder pattern (just a potential one)
I personally would enter AFTER the 38.2 Fib level, after the pattern is confirmed! 1st Exit point would be at 61.8 Fib Level and 2nd Exit point at the very top of the level, since this is a pretty good potential reversal.
Let me know your opinions guys!
I think this is a good learning lesson for me, not to get greedy and break my own rules! Oh well, lesson learned! Stay positive! On to the next trade!