After a huge selling, we reached the standard retracement-level. I expect now a long trend to the highest high. We get the best risk/reward ration if we close our trade on half way in case of a correction of the short trend.
A good entry is given, if we wait until a long candle arrives and further long signals are created, e.g. by MACD
, which signals our direction change.
If price moves lower the fib-level, do not trade!