The break of the downtrend line only illustrates what the interpretation of the fibo clouds predicts: downward momentum
Fibo clouds lined up against the price trend and their multi-timeframe compression suggests selling pressure towards the targets
Fibo clouds lined up against the price trend and their multi-timeframe compression suggests selling pressure towards the targets
Trade closed: target reached:
1st target reached: partial result of 8.45% in 36 trading sessions. Ideal action: move stop loss to the 178.80 level and wait for the candles to develop to the final target. Along the way, the stop loss can be moved again to the top of any pivots that may form. The purpose of this action is to ensure that part of the partial profit remains, creating the conditions for the investor to remain active in pursuit of the final target bonus.
