SONY Daily chart. We can see an overall bearish trend. Although price is currently pushing up after finding support at approx 80. I believe we could be seeing a pull back to somewhere between .5-.618 in the fib zone. If resistance is met, then I am considering placing sell, with two TP.
As I observe a potential trade opportunity through resistance, I must consider the alignment of short-term, mid-term, and long-term trends.
By utilizing advanced analytical tools and techniques, I can strategically time my entries and exits to maximize profit potential while minimizing risk.
Monitoring market sentiment and momentum shifts alongside trend confluence allows me to gain a more comprehensive understanding of the financial landscape.