Here's another style of trading it plays upon the overall smart money concepts. Measured Move W/ 7% Extension aligns perfectly with the 88% Fib Mark which its played off of twice previously on the weekly. Looking for the first trade to take us up to entry and the second to drop the price off the face of the chart. Make sure to risk 1% as this will give you up to 38% feel free to grab as many percents as you can!
1. Measured Move Repeat 7% Ext
2. 88% FIb level aligns with Ext
3. 88% fib level played out previously 2x on weekly
4. Long-term Bearish
5. HL - LH, Hl, LH Patterm
6. Broke the previous lows/Now Retracing/looking for next lower high
1. Measured Move Repeat 7% Ext
2. 88% FIb level aligns with Ext
3. 88% fib level played out previously 2x on weekly
4. Long-term Bearish
5. HL - LH, Hl, LH Patterm
6. Broke the previous lows/Now Retracing/looking for next lower high