Backtesting
Last bear market began once 0.618 0.65 fib level(8k 10k respectively)was hit and a good trade entry would be the first major red candle in sept to jan range. Bear target would have been 5.6k 5.2k . The bottom didnt happen in sept jan 18 19 because there werent any green candles in the those months. First green candle was in feb, would have been a good entry.
These are just me finding proof for my current idea
These are just me finding proof for my current idea
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.