Persephone_AM

Fibonacci Trading And Price Action

Long
Persephone_AM Updated   
NASDAQ:MSFT   Microsoft Corp.
This is a setup of my Fibonacci price cluster, I set up and found a pretty potential point to be able to enter a buy direction trade on the short time frame.
Trade closed: stop reached
Comment:
The price forecast in the price cluster is broken through the 1.00 mark at 335.54. This breakout also confirms the trend reversal. I see the price can slide down even longer.
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.