Fib retracement entries
Swing Trading
The 61.8% bus stop
After an impulse, stalk the 50 to 61.8% retracement WITH confluence, like an old level or a moving average. Stop below the 78.6%: deeper than that and the impulse is probably dead.
Check yourself
Retracement deeper than ~78.6% usually means…
- Better discount
- The prior impulse has failed, stand down correct
- Buy double
Give back nearly everything and it wasn't a pullback. It was a reversal wearing one's clothes.
Learn this properly
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