I've shorted and I've sinned...
but
once bitten, still brave ;)
8.614 is 1:1 Trend-Based Fib Extension
between 3.055 β 5.530 β 4.759 -> 8.614
Gann angle progression of trend from 2:1 towards 3:1.
Stop @ 8.70
Targets = 0.382 and 0.618 Fibs, that is 6.81 and 5.94.
but
once bitten, still brave ;)
8.614 is 1:1 Trend-Based Fib Extension
between 3.055 β 5.530 β 4.759 -> 8.614
Gann angle progression of trend from 2:1 towards 3:1.
Stop @ 8.70
Targets = 0.382 and 0.618 Fibs, that is 6.81 and 5.94.
Comment:
Entry price was 7.726 by the way :)
Comment:
Angle progression on point (stop was wiped tho, oh well). That's why we use them and build positions wisely... and patiently. You see, you can snipe, but never go all-in.