Threshold | T | has been on a tear up until the past few days. Even though it has dropped dramatically, it looks like an additional 18% drop is on the horizon.
Follow the diagram buy when the price comes at entry shown in diagram. Trade can take some days to complete .
Entry = 0.4464
Sl = 0.2375
Tp = 0.8952
Follow if you like my idea.
Threshold (TUSD) just hit the 0.618 Fibonacci retracement level of the Bear Cycle just one day after breaking above its 1D MA200 (orange trend-line) for the first time in history. Needless to say this is a major bull target hit, the new Bull Cycle is already underway and as the 1D RSI almost reached 95.000, the overbought condition technically couldn't be...
