"Limit orders remain valid as long as we do not break under the 50% fib. Breaking under there often means something else is happening and invalidates the setup we’re looking for. If placing limit orders, set price alerts under 50% fib to tell you when the limit order has to be deleted. "
To be clear, when setting up for a long entry, you mean it breaks 0.5 fib and then moves back up over the 0.5 without hitting the 76 first? Have i got that right
"Limit orders remain valid as long as we do not break under the 50% fib. Breaking under there often means something else is happening and invalidates the setup we’re looking for. If placing limit orders, set price alerts under 50% fib to tell you when the limit order has to be deleted. "
To be clear, when setting up for a long entry, you mean it breaks 0.5 fib and then moves back up over the 0.5 without hitting the 76 first? Have i got that right