As the price is approaching Fib level 0.786 (172.498), it will retrace to some degree, so we could prepare to short. In the past, price reacted at 0.382 (154.474), 0.5 (159.739) and 0.618 (165.003).
Limit Price: 165.0 (-7.5). Stop Price (+1 ATR): 177.1 (+4.6). Reward/Risk: 7.5/4.6 = 1.6.
Limit Price: 165.0 (-7.5). Stop Price (+1 ATR): 177.1 (+4.6). Reward/Risk: 7.5/4.6 = 1.6.
Trade Plan Support: tinyurl.com/4bhe6wk3
Public Indicators: tinyurl.com/26emm5e2
License and Disclaimer: tinyurl.com/4rtrwhfd
Public Indicators: tinyurl.com/26emm5e2
License and Disclaimer: tinyurl.com/4rtrwhfd