overall price is in a mini channel
price bounced off and has been forming HH and HL
Price just bounced of 0.5fib level
Fib extension .618 is my next HH
*TRADE AT YOUR DISCRETION*
Author not responsible for any losses incurred.
price bounced off and has been forming HH and HL
Price just bounced of 0.5fib level
Fib extension .618 is my next HH
*TRADE AT YOUR DISCRETION*
Author not responsible for any losses incurred.
Trade closed: target reached:
Target was achieved ......Great trade
Comment:
Correction- *Price bounced off the 38.2 fib level.....so using Elliot-wave analysis price would move 61.8 extension level and thats where it reached an closed our trade before dipping back down.