I like when fibs line up with major price pivots. The momentum divergence signals a turn soon if not now.
I'm more inclined to wait for a long entry than to short from here, but a retrace is what I'm expecting for the next few days.
I'm more inclined to wait for a long entry than to short from here, but a retrace is what I'm expecting for the next few days.
In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. - William Eckhardt
