Hey gang,
After reviewing this chart we notice that the 78% fib did infant become a significant level of support. This acted as the structure allowing the price to bounce up towards the 61% fib/structural zone.
I personally am waiting for either breakout above the 61% fib with confirmation (less probably), or the retouch of the 78% fib level. I am NOT trading simply optimizing DCA. that being said this is MY DCA strategy and not one I recommend for most.
Good luck traders!
After reviewing this chart we notice that the 78% fib did infant become a significant level of support. This acted as the structure allowing the price to bounce up towards the 61% fib/structural zone.
I personally am waiting for either breakout above the 61% fib with confirmation (less probably), or the retouch of the 78% fib level. I am NOT trading simply optimizing DCA. that being said this is MY DCA strategy and not one I recommend for most.
Good luck traders!
