Asset and Time frame -IWM Daily Entry Price -195.50 Exit(Stop Loss) 190.14 Exit(Take Profit) -210.22
Technical Analysis Price has reached the -61.8 Fibonacci level and made a small hammer pattern + a small divergence on the daily and a clearer one the 4H chart, also, the price is reacting to the down-trending bottom of the channel, usually, i'll wait for a confirmation candle after the hammer-like pattern, but since we're in a bearish market -there isn't much room to go up and so the trade has to initiated earlier for a closer TP, Good Luck