Happy Weekend Everyone !
We have already breached 50% Fib on all time frames, so any upmove should start from 61.8 Fib or lower.
Strategy for Monday - Sell on rise until 34850 (T1)
If we breach Fib 61.8 as well on the 1HR TF we can add more to the position for target 34000/33000
Trade with a SL and avoid any Long positions for next few days until situation is clear since we are in correction mode now.
Manage your risks and keep pre identified goals (TP/SL) for each day and close the terminal once goal/SL is achieved.
FOMO is the biggest cause of losses for retailers. (Been there done that)
Markets will be there long after we are gone too.
The stock market is designed to transfer money from the active to the patient.
Who’s with me? / Who agrees? / Anyone ?
Like the post to let me know.
We have already breached 50% Fib on all time frames, so any upmove should start from 61.8 Fib or lower.
Strategy for Monday - Sell on rise until 34850 (T1)
If we breach Fib 61.8 as well on the 1HR TF we can add more to the position for target 34000/33000
Trade with a SL and avoid any Long positions for next few days until situation is clear since we are in correction mode now.
Manage your risks and keep pre identified goals (TP/SL) for each day and close the terminal once goal/SL is achieved.
FOMO is the biggest cause of losses for retailers. (Been there done that)
Markets will be there long after we are gone too.
The stock market is designed to transfer money from the active to the patient.
Who’s with me? / Who agrees? / Anyone ?
Like the post to let me know.