Did a 50% retrace $6,823.6 and good time to short Y/N?
Note
If it touches $6,927 I'm out.Note
This trade is a really tight squeeze. I'm looking on the 2 hour chart for price to make a William Fractal arrow down followed by one up so that I can make up one of my coloured boxes and justify Fib extensions. Chart patterns on the minute charts look like I could be closed out easy, but hey it's the weekend always tricky.Note
By minute chart I mean smaller timeframes.Note
Been taken out by weekend nonsense. Interestingly 2 hour bar hasn't yet closed above $6,917. The basis of this strategy idea can be seen on the chart as green vertical lines. I placed my stop based on the bar performance prior to the green vertical line on previous occasions.
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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.