TPR Swing Trade Long

NYSE:TPR15

Tapestry, Inc.NYSE

Description

⋅ Aug 12, 2020 11:23 PM

Using fib ratio 1R for 2R Trade setup idea. Please note I am a beginner trader and shouldn't be taken too seriously.

Trend Analysis

Comments

carloscallau

⋅ Aug 14, 2020 1:25 PM

I think you should be using the Fib Extension instead of Fib Retracement. The swing you used as base points actually is the retracement of the previous, stronger up-swing.
PD: I'm new, too.