Identify
Price moving in a solid uptrend for the last year or so
Price recently rallied off 618 retracment creating a pull back.
Predict
Would expect to see a pull back into the 618 retracement with a double bottom type move with a move higher
If price violates this area, look for a pull back into previous structure & 618 level for a stronger move to the upside
Decide
If price reaches closest 618, wait to see reversal candles needed
If price breaks and closes below current structure, wait until previous inside structure is hit
Execute
Either on double bottom reversal, or long term structure break to inside structure
Price moving in a solid uptrend for the last year or so
Price recently rallied off 618 retracment creating a pull back.
Predict
Would expect to see a pull back into the 618 retracement with a double bottom type move with a move higher
If price violates this area, look for a pull back into previous structure & 618 level for a stronger move to the upside
Decide
If price reaches closest 618, wait to see reversal candles needed
If price breaks and closes below current structure, wait until previous inside structure is hit
Execute
Either on double bottom reversal, or long term structure break to inside structure