CONFIRMATION
- Found a nice consistent 3 retracements which end up resulting in a buy position. A couple things can happen either I'm right and the buy was a good trade or the market is trying to fake me out when in reality a sell is the right trade.
- Price is bounce off of one of the prime fib numbers 38.2
- Double bottoms are forming
- Looking for a shooting star candlestick to confirm buy entry.
- Price is officially over my 50 moving average which is a possible indicator of a buy position.
- Set my stop loss under previous support
- Set my take profit at my golden 61.8
- Found a nice consistent 3 retracements which end up resulting in a buy position. A couple things can happen either I'm right and the buy was a good trade or the market is trying to fake me out when in reality a sell is the right trade.
- Price is bounce off of one of the prime fib numbers 38.2
- Double bottoms are forming
- Looking for a shooting star candlestick to confirm buy entry.
- Price is officially over my 50 moving average which is a possible indicator of a buy position.
- Set my stop loss under previous support
- Set my take profit at my golden 61.8
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