As we can see we have a text boom fib extension set up. The 2nd phase on the .618 was achieved indicating high odds to reach out extension target.
Invalidation to this set up will happen if a daily candle is placed through the .618
September is a bearish month which is worth noting as this is quite a bullish set up.
If market moves sideways I will be looking to close this position.
Invalidation to this set up will happen if a daily candle is placed through the .618
September is a bearish month which is worth noting as this is quite a bullish set up.
If market moves sideways I will be looking to close this position.