Failing Fibs indicate a turn down by early next week
An active fib market usually gives some good trades within the UTC week.
But last two days nothing but the above, a weekly .302 which isn't exactly a sterling performer .
Added to which there is no correlation.
So, yes, if you feel you absolutely need to, go ahead but please keep your stop loss very tight.
We are topping this particular run and soon there will be some downside
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.