Certain stocks developed patterns within there ranges and if you look at the month of QBE you will note the first 3 weeks were failing at the 61.8% of the weekly range, is it not a good idea then to use cation as it reaches the 61.8% of the range which it ultimately failed for the month.
Now the week (week 4 and long range not on chart)that gave you a possible lower swing top also failed at 50% of weekly range, so not a bad place to add or go short for the week ??
Notice that the major price cluster for the month is also around the 50% :)))
Who's going to set up a few monthly ranges in October, I dare you to, you might get to enjoy a less stressful month, let price make your decisions for you
Week 4 was actually the long entry i had on my website, there was no guessing where the stops were for that one LOL
