Taking into account only PA. Lots else at play, but wanted to send this out as one data point ...
Descending wedge - wait for breakout and retest confirmation.
0.5 Fib retracement defense - wait for confirmation of support.
I'm in long. Will add on each 0.5 fib touch. SL just below wedge apex.
Good luck!
Descending wedge - wait for breakout and retest confirmation.
0.5 Fib retracement defense - wait for confirmation of support.
I'm in long. Will add on each 0.5 fib touch. SL just below wedge apex.
Good luck!
Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.