Just met our 2.618 extension, expecting a pullback!

If we can push past this quickly look out for a large yeet to the 3.168 at 3608. If not we will consolidate down for the next leg up. Not a bad place to take profits if you're a short term scalper.

Trade chiuso: obiettivo raggiunto:

It looks like we almost caught the top! Remember, parabolic moves followed by a sharp pullback are usually a sign of a trend change. The local top was at the 2.272, a fib extension I rarely use. I'm out for now and looking for a reentry. I hope everyone profited!