PTIR short setup on 15-minShort setup on PTIR 15-min** using **Fibonacci retracement** and recent PA:
#### 📌 **Context**
“PTIR just slammed the 1.618 extension like a brick wall. RSI's giving up, supply’s stacked, and we’ve got a clean Fib ladder down for targets. Time to ride that elevator back to value town. This ain’t the time to chase green — it’s time to fade the froth.”
* Price just tagged the **1.618 Fib extension** from the prior impulse (\$25.30 → \$26.57).
* RSI divergence confirmed → momentum fading.
* Rejection wick at **\$30.24** + supply zone forming → prime shorting conditions.
### 🔻 **Short Setup**
* **Entry Zone (Sell):**
Between **\$29.33 – \$29.44** (Fib extension zone + supply)
* **Stop Loss:**
Above recent high: **\$29.66**
* **Take Profit Levels (using Fib Retracement of entire move \$25.30 → \$30.24):**
* **TP1:** $26.36** (Demand Zone)
### 🧮 **Risk/Reward Estimate**
* Entry: \~\$29.60
* SL: \~\$30.60
* TP: \~\$26.36 → **R\:R \~ 3.25**
*“Markets are never wrong – opinions often are.”* — Jesse Livermore
### ⚠️ **Disclaimer**
This is **not financial advice**. Short setups carry **high risk** — always confirm with your own system and **manage risk** like a pro.
