I've shorted and I've sinned... but once bitten, still brave ;)
8.614 is 1:1 Trend-Based Fib Extension between 3.055 – 5.530 – 4.759 -> 8.614
Gann angle progression of trend from 2:1 towards 3:1.
Stop @ 8.70 Targets = 0.382 and 0.618 Fibs, that is 6.81 and 5.94.
Not
Entry price was 7.726 by the way :)
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Angle progression on point (stop was wiped tho, oh well). That's why we use them and build positions wisely... and patiently. You see, you can snipe, but never go all-in.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.