In this exampe Spy sold off just right above .5 fib level
another common area is .65-.618 (golden pocket zone)
speedtrader.com/what-is-a-dead-cat-bounce/
thelivetraderoom.com/trading-the-dead-cat-bounce-pattern/
another common area is .65-.618 (golden pocket zone)
speedtrader.com/what-is-a-dead-cat-bounce/
thelivetraderoom.com/trading-the-dead-cat-bounce-pattern/
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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.