Not a setup, but a downtrend continuation prediction is what I have in mind. Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to, while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start. Or price to move up according to its minor fibonacci lines 61.8% to 119.6, being, still at a red zone of the major fibonacci, allowing a turning point in the future to continue down if other conditions necessary continue to be met at that time.
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Failed prediction in immediate days. This recorded prediction is added to my skills and written strategy explaining all possible events. Essentially this Failed prediction is improving my strategy as I explained in my Public Profile "Status".
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Comments/Questions are welcome
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This was truly an upward breakout for the start of a new trend.
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Personal Notes: How could I know it would breakout? Traders Dynamic Index analysis confirmation? Did I check Higher time frame Traders Dynamic Index indication? No, yet H4 makes trough be seen as a likely pullback, thereby preventing incorrect entry. Supertrend did signal such trend start.
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Multiple Time Frame Analysis was not available for me at that time, so I was more prone to error.