Define them will help the golden section of Fibonacci, namely the ego magic numbers.
By following current theory, i suggested, that the price will dropped to the level of 0.786% also, i put my buy order on this level, and turned out to be right.
There is also a chance to pass by the entry, but in percentage terms this probability is exactly proportional to the input numbers, namely 0.236%
Take a look at the numbers and the overall picture.
Well, at this stage (0.786%) the shadow of a candle on which level you can place a buy order, will inevitably work. Of course, in percentage terms.
Don't forget to read about Money Management.
Please, like this idea if you agree, or comment if think differently
Good luck in trading!