Huge divergence in play could drive price to 61.8 fib area, providing 1 to 5 R/R ratio! The first valid trendline break was near the bottom. You can scale-in your position if you are long already.
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.
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.