We have seen a nice double top form, price dropped, then pulled back to a 618 Fib level, this could be the perfect setup for a 2618 trade.
Momentum down would confirm the entry then if we break the neckline, I will be looking at targets of -27 & -618, possibly ride it down further if the wave is strong.
Indicators support this move on the 1hr time frame. Good luck :)
PS, If anyone doesn't know or not heard of a 2618 setup, the 2 simply means double ie, Double top & the 618 obviously means the pullback to the 618 Fib level = 2618. They are meant to be 60% accurate, so hopefully this one will be in that 60% bracket & make some $£$£$ :)
Momentum down would confirm the entry then if we break the neckline, I will be looking at targets of -27 & -618, possibly ride it down further if the wave is strong.
Indicators support this move on the 1hr time frame. Good luck :)
PS, If anyone doesn't know or not heard of a 2618 setup, the 2 simply means double ie, Double top & the 618 obviously means the pullback to the 618 Fib level = 2618. They are meant to be 60% accurate, so hopefully this one will be in that 60% bracket & make some $£$£$ :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.