We shall see. Looks like GA a planned pullback to either the 236(bigger fib) or the 50(smaller fib), and maybe even the 382 or 236 (samller fib lines) before a short entry down to the 1618 fib (1.94000 psychological support). Lets see how the next couple of hours play out.
I drew my analysis last week (right around the 4/20 timeframe) and because of newbish experience was uncertain that price action would follow what I put on the chart. As of market close on Friday (5/6/2016), I should have entered trades appropriately, as pricing and tech analysis came to fruition. Lesson learned to always stick to your trading plan.
Drew the lines on 4/29. Haven't looked at it until this evening. I stopped looking at it because it was not going EXACTLY as I had drawn it so I gave up and looked elsewhere.
Lessons learned: It doesnt have to be exact or perfect. It just has to be close enough. I can adapt and modify my plan according to how the market moves. Just because the price...