After the massive decline, the correction continues. How high can it climb? As a Fib trader I would like to take profit at Ret-23.6. The SL below the most recent support/resistance area just below 51.5.
And the most important: how much are you ready to lose, if it fails? 1% of your capital? No matter what, let it be no more than you risk on your other trades.
And the most important: how much are you ready to lose, if it fails? 1% of your capital? No matter what, let it be no more than you risk on your other trades.
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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.