Progressive Corp Progressively Degrading. PGR

There is a confirmation of short enter with break of the most recent lows. Fibs are indicative of some of the goals. I've decided to bring this example forward, as it is evident how a pure indicator based approach would be detrimental. In this case, you would thing the position in building stochastically and volatility wise giving a false sense of a likely long. Always consider price action beyond the pure mechanical indicator based approach, which are almost always of the lagging variety.