Disliked{quote} You asked the question on the ren 5 chart..:"What could I have used to see the potential reversal areas?"......there was a trendline break to the upside on the RENCO 5 as well as a double bottom.....these are old school tools but often have valueIgnored
Yes, you are absolutely right, but I just wanted to highlight the 38.2% fib retracement which gave "weight" to the action at that level. I did mark the double bottoms, but on the 10 pip. The fact remains, that while I was trading i didn't pull up the fib which was very sloppy of me and would have shown what was up...
I started a new analysis at the start of every trade session, when this whole move and pullback(s) (10) could have been "determined" from that original reversal with a 123. Ok, determined may be too strong of a word...lets say suggested. Still, one should not act on suggestions, but find reasons to.
Ok, I am off to the beach.
Best, Josh