Interpretation:
Previously disorganized Fibo clouds have gradually lined up giving favorable support to the evolution of the candles. The compacting of fibo clouds from different timeframes signals direction and strength towards the first target to be reached
Reaching the first target makes it necessary to move the stop loss to the position where the entry was made. The purpose of this action is to protect the result that has been achieved and to ensure that there is plenty of time to search for the remaining targets with a reduced risk of losing the trade.
The use of risk management, an integral part of this method, has been fundamental in achieving planned results.
Risk Return Ratio 3,26
Previously disorganized Fibo clouds have gradually lined up giving favorable support to the evolution of the candles. The compacting of fibo clouds from different timeframes signals direction and strength towards the first target to be reached
Reaching the first target makes it necessary to move the stop loss to the position where the entry was made. The purpose of this action is to protect the result that has been achieved and to ensure that there is plenty of time to search for the remaining targets with a reduced risk of losing the trade.
The use of risk management, an integral part of this method, has been fundamental in achieving planned results.
Risk Return Ratio 3,26
Trade closed: target reached:
1st target reached in CleanSpark. The stock has risen 18.33% in 2 consecutive trading sessions. Ideal action: immediately after the partial realization, the stoploss should be moved to 16.20. This should protect the result achieved so far and practically eliminate the risk of losses on the trade so that it will be possible to sail towards the second target in calm waters.
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