here is an example of a fib "retrace" and "extension" drawn with 2 fibs. one from the top of the last big blowoff (liquidity peak) down to ATL (liquidity peak)
And a second one from the point of major sentiment turn, to the ATL.
The 4 hour looks bullish, and this could be a decent trade setup, but watching 5 min time frame im not convinced. it looks week.
And a second one from the point of major sentiment turn, to the ATL.
The 4 hour looks bullish, and this could be a decent trade setup, but watching 5 min time frame im not convinced. it looks week.
