Identified a fibonaci confluence at the 0.618 retracement of the third.
Selling at this point with a stop loss at the invalidation level of the ending of the first wave.
Target is at 1.618 extension of the 3rd, as the 3rd acheived a 1.618 extension of the 1st.
Validation level at break of the third, where we will have a huge increase in selling pressure.
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Trade Probability: 50%
Leave a comment if you see anything!!
Selling at this point with a stop loss at the invalidation level of the ending of the first wave.
Target is at 1.618 extension of the 3rd, as the 3rd acheived a 1.618 extension of the 1st.
Validation level at break of the third, where we will have a huge increase in selling pressure.
What do you think? Leave a like, comment, and subscribe for more!
Trade Probability: 50%
Leave a comment if you see anything!!
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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.