Spring from the 61% Fib retracement. Plus some divergence.
What we observe:
Area of support where stops were taken out and now we have a good entry bar on raising volume.
One of the longer targets is the 161% extensions level - there is a low probability of reaching it according to the backtests, but the risk to reward is sufficient in the long run.
We do not deal with certainties, but probabilities as usual.
Also, for confluence, we have a regular bullish divergence which adds to the probability that 1 to 1 move is highly likely. Some people might decide to book some profits at 1 to 1 and put stop to BE while waiting for the longer targets.
What we observe:
Area of support where stops were taken out and now we have a good entry bar on raising volume.
One of the longer targets is the 161% extensions level - there is a low probability of reaching it according to the backtests, but the risk to reward is sufficient in the long run.
We do not deal with certainties, but probabilities as usual.
Also, for confluence, we have a regular bullish divergence which adds to the probability that 1 to 1 move is highly likely. Some people might decide to book some profits at 1 to 1 and put stop to BE while waiting for the longer targets.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。