This comes back to my question on scale, there was already the trade from the first consolidation, now for the larger scale trade.
I prefer hard numbers, a 12 month high is a hard number, "the first high" is not. In my previous chart I set the first high on that spike which results at the fib being at 1.6c, possibly way to low, your first high sets the fib at a more "reasonable" level, but will it stop and reverse from there or will it go to 1.6? Who knows...
I have NFI...
Daily MACD is probably the safest bet for an entry (Dual Momentum returning), but the overhead 61.8 fib has extra importance now I think. Buy MACD cross, Stop under pivot low incase it fails at the fib? Who knows in this case, hindsight will be great when we get it.
