I managed to get the perfect trade on KNB! according to our 50% Fib support, 9 ema entry and 100% exit plan
initially bought a bit higher at 1st (036c-038c) but day traded half the holding a couple of times for a buffer and total average of 033c also bought the dip to 033c, I considered selling at 062c a couple of weeks later and probably should have but it wasn't quite the 100% that we`ve seen so often and was pretty sure it was going to 1.618% (088c)...but the next few days was the tariff crash and we had to ride price back down to 039c.. next step would have been a very disappointing breakeven stop...but next few days it bounced to where I sold at an average 066c..it was a successful trade in the toughest of conditions..so our plan does work!..we just need the specific set up each time..major low/ higher high/higher low/higher high/50% retrace at the the 4th pivot and then the 9 ema to hold above 65 ema just before breakout. The more we do this the more confident I`ll be of buying at the 50% Fib each time..and maybe adding more at the 9 ema new high..for now I'm concentrating on 3DP (average is 7.3c with a 100% target of 14.6c,) its been a pretty long consolidation but is still doing all the right things, the MA ribbon had a good recovery last week and I actually think we`ve seen the final low at 6.9c..
