A proven over and over again until the 2nd coming of Christ break out strategy pattern
1.382 FIB
Notice in the picture we have Green and yellow boxes.
Those yellow boxes are inside the previous green which means we are in a consolidation waiting for a breakout.
I drew a FIB from bottom to top of the 2nd yellow box.
Pay attention that the market broke the FIB level and retraced back to confirm the trend direction downward and respected that fib level.
1.382 FIB
Notice in the picture we have Green and yellow boxes.
Those yellow boxes are inside the previous green which means we are in a consolidation waiting for a breakout.
I drew a FIB from bottom to top of the 2nd yellow box.
Pay attention that the market broke the FIB level and retraced back to confirm the trend direction downward and respected that fib level.
This is not investment/trading advise. Will not hold accountable for loss