We are at the 50% mark of the 4HR candle's range. Remember what I said about 20% to 50% candle retracements?
Bear in mind that it could continue to go lower (no pun intended). But it is looking more like it will retrace and eventually make its way up to the Weekly Average Range.
This is not etched in stone. Anything can happen. When counter trend trading you have to be cautious!
Bear in mind that it could continue to go lower (no pun intended). But it is looking more like it will retrace and eventually make its way up to the Weekly Average Range.
This is not etched in stone. Anything can happen. When counter trend trading you have to be cautious!
Learn from your mistakes and march on.