Using trend lines and Fibonacci Retracement, I set myself up from the highest and lowest pivotal points to the major points (0.79473) and (0.77347).
Using AB=CD and Fibonacci, I estimate the exit to occur approximately (0.76467).
The wedge that formed helped me enter my position (which I did for a test run) at 0.78603 for a short of this position.
Being inexperienced, I realize most have noticed this long term short position from our larger retracement since (0.81176).
Again, tips are always welcome.
Most of my help comes from @Chartistry so check him out for great wave formations and other great charts!
Using AB=CD and Fibonacci, I estimate the exit to occur approximately (0.76467).
The wedge that formed helped me enter my position (which I did for a test run) at 0.78603 for a short of this position.
Being inexperienced, I realize most have noticed this long term short position from our larger retracement since (0.81176).
Again, tips are always welcome.
Most of my help comes from @Chartistry so check him out for great wave formations and other great charts!