SHORT POSITION and Fibonacci Retracement Journay
Hi traders. I'm showing to you a fibonacci retracement strategy perspective w/ the 14.6% level as a good average point to take profits. The evening star at 2-day TF is a highly persuasive short signal in confluence w/ the daily overbought condition. The evening star candle makes the E-point of a triangle structure that is located at daily supply zone (100-88.6% fibonacci retracement). A 2-phase downward 50-14.6% in a 2-3-day swing is a obvious scenario to spect. This annalysis is based on daily price action too. An leveraged token like DOTDOWN can be a good choice to avoid the liquidation risky. Good day trade to us!
2-DAY SWING DOWNWARD AHEAD
FROM 2H-EVENING STAR IN SUPLY ZONE
DOWNTREND CONTINUATION
E-POINT OF TRIANGLE STRUCTURE
OVERBOUGHT DAILY STOCHASTIC
50% FIBO RETRACEMENT TP1
14.6% FIBO RETRACEMENT TP2
33K DEMAND RETEST SPECTED
WEEKLY BEARISH
2-DAY SWING DOWNWARD AHEAD
FROM 2H-EVENING STAR IN SUPLY ZONE
DOWNTREND CONTINUATION
E-POINT OF TRIANGLE STRUCTURE
OVERBOUGHT DAILY STOCHASTIC
50% FIBO RETRACEMENT TP1
14.6% FIBO RETRACEMENT TP2
33K DEMAND RETEST SPECTED
WEEKLY BEARISH
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