The daily short countertrend is valid, and the market has reached the correction fibo 50 level.
The question is: will it reach 61.8?
If the market can significantly break the last clear H4 breakout significantly, it may have a chance.
If it turns up, and there is a significant (trigger) candle in the long trigger zone, my target is the weekly target fibo 200.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
The question is: will it reach 61.8?
If the market can significantly break the last clear H4 breakout significantly, it may have a chance.
If it turns up, and there is a significant (trigger) candle in the long trigger zone, my target is the weekly target fibo 200.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Trade active
Triggered on H4.Note
This idea is an example of why it's not profitable to trade the correction beyond the 50% retracement.Trade closed: target reached
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Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
Related publications
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.