One hour time frame is hitting up trend line and starting to push bullish. There is an up fib extension on the daily time frame about +650 ticks away from current market. I am looking for buying trades towards the daily up fib extension.
This one did not work out... But... The research still supports the market going back up. I am going to wait for the market to enter back into the buy zone before looking to buy again. I am not selling and the research shows this is just a short term bear move.
atmforbella
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@JoshuaMartinez, newbie here, can you remind us of how you would draw a new line? And where the buy zone would be?