While ideally, I like this setup with a short-term short setup, as the .886 fib tends to provide strong S/R, we could potentially break out and head toward the 1.27 Fib. Half the battle is knowing where to find proper levels. Trade the Fibs.
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.
