RSI in an uptrend, my first time using fibonacci here but from what i can see if you zoom out for the bigger picture,
PPT is very spiky when it comes to price action,
you want to get in and get out
January 5th we got rejected by the 0.618
January 13th we got rejected we broke through the 0.5
We see increasing buying volume I have my final targets at 4715 and 4885, any more than that well... damn i sold early lol
Orange line being local support
Red line being stoploss.
First time using fibonacci, let me know if i did anything wrong or right!
This is more of an unconventional trade, but lets try something new!
I would say time frame being less than 1 week!
PPT is very spiky when it comes to price action,
you want to get in and get out
January 5th we got rejected by the 0.618
January 13th we got rejected we broke through the 0.5
We see increasing buying volume I have my final targets at 4715 and 4885, any more than that well... damn i sold early lol
Orange line being local support
Red line being stoploss.
First time using fibonacci, let me know if i did anything wrong or right!
This is more of an unconventional trade, but lets try something new!
I would say time frame being less than 1 week!
Comment:
bouncing off our local support