This is a follow up to my previous analysis looking for long entries.
Got a few scalps at above support zones, small profits. The drop measures more like Corrective than Impulsive. Hoping to catch an uptrend continuation past local high.
The Fibs dont tell WHICH one will TURN it, but IF it is going to turn, it WILL be at a Fib. Check the Idea linked above and hit play.
I always like to start with a Scalp position. Then if it survives, look to keep adding. Trailing Stops a must these days cuz news.
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Here we are at first Resistance
Closed up shows an EXACT Ping, confirming that zone
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Thus my penitence for Pings such exact reflections are indicative of a High Energy Fib
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Back to where I thought wave C had ended
Referring back to fibs, the red 4.236 might be the target