100%, finding the bottom of the cycle is key IMO, the missing...

  1. 3,805 Posts.
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    100%, finding the bottom of the cycle is key IMO, the missing link. Also adding the ema cross confirms the downward momentum has likely been reversed. I don't know how many of my failed / break even trades were in stocks with the 65 under the 200, thinking the low was in, higher low etc. then main fib resistance broken only for it to get stuck at the ema!

 
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