UPDATE#2: Target #1 achieved, stop loss moved to break even.
UPDATE #1: Still no conformation from price action. Waiting on the sidelines for now.
Here we have a really good pattern that has already completed. Usually I enter at the 78.6% fib retracement level but in this case I am willing to wait a little longer, so that I can get confirmation from the price action. This will also allow me to reduce my risk on this setup, if the market comes even more deeper into the . So for now, I am on the sideline and waiting for good conformation. See the chart for more details.
Note: We might also be getting a potential at the 78.6% level. Watching this level very closely.
Please feel free to AGREE or DISAGREE with this idea. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
First, go to which ever chart you want to share in the comment section. Then there is a little grey camera icon near the bottom right hand corner of the chart click on that and copy the link. Then go to the comment section and write in your comment. Then to add the chart with your comment, click on the "uptrend" like icon on the top right hand corner of the "comment section". Lastly, just paste your chart link that you copied earlier and you will be able to upload a chart with your comments. I hope this helps Tahir, please do let me know if you need more help with this. All the best :)