I redrew the fib to include the explosive move that would be the bottom of the fib to be the final little resting place before it broke the daily highs. This time the 70.5% retracement level is on target with a bullish order block. This scenario seems a bit safer than my first call. But either (or both) are highly likely in my eyes. The rest of the analysis remains the same with the bias and breaking new highs, etc. We shall see. I place lots on both and see what happens.
And if you dig deep into this price action there is a gap just before the order block. Gaps are like magnets, price is driven to them. It should go straight through this gap to the order block and bounce for the buy
(1 MIN CHART MAGNIFIED LOOK AT PRICE ACTION)
And if you dig deep into this price action there is a gap just before the order block. Gaps are like magnets, price is driven to them. It should go straight through this gap to the order block and bounce for the buy
(1 MIN CHART MAGNIFIED LOOK AT PRICE ACTION)
交易手动结束:
There was a bullish order block just above my expected entry that changed the course of the trade. It went as I expected but I just didn't get the entry I wanted.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
