As we can see we have a text boom fib extension set up. The 2nd phase on the .618 was achieved indicating high odds to reach out extension target.
Invalidation to this set up will happen if a daily candle is placed through the .618
September is a bearish month which is worth noting as this is quite a bullish set up.
If market moves sideways I will be looking to close this position.
Invalidation to this set up will happen if a daily candle is placed through the .618
September is a bearish month which is worth noting as this is quite a bullish set up.
If market moves sideways I will be looking to close this position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.