Using trend lines and Fibonacci Retracement, I set myself up from the highest and lowest pivotal points to the major points (0.79473) and (0.77347).
Using AB=CD and Fibonacci, I estimate the exit to occur approximately (0.76467).
The wedge that formed helped me enter my position (which I did for a test run) at 0.78603 for a short of this position.
Being...
This is my first post on price projecting using a few techniques I am learning about.
One being the trend lines, which I have used as the light blue lines skimming the top in my attempt to find resistance.
The other being just below that in the blue-gray, again in attempt to trace resistance.
I located a double top, which was defined.
I also paid attention to a...