DPZ currently holds a low on the 76 retracement and has got as high as the 50 fib. Most of the time when this happens the bias skews towards the bull side and the optimal trade is to pick up long entries on the 61 retest.
Price should not break the 61 (Maybe with wicks) and certainly should not trade under the 76 in this setup. This dictates the stop loss area. Under these levels the buy setup has failed.
If it is successful, the buy setup here usually produces a new high.
Price should not break the 61 (Maybe with wicks) and certainly should not trade under the 76 in this setup. This dictates the stop loss area. Under these levels the buy setup has failed.
If it is successful, the buy setup here usually produces a new high.