For myself for learning purpose. The idea is you do a fib from breakout to the top. Expect a 50% pullback, 50% - 78% but usually 50-61 (golden area) if it goes past that it is a no play. Then do a new fib from top to bottom and the target is -23% and a good play hits -61%. Lets see does it work.
Note
Note
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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.