TRCH Trade on Feb 10, 2021 14:13 from VadimT7: Tradervue User Stock Trades.

Observation:
The major trend bounced on 50 Fib of the major trend and then on the 61.8 Fib of the minor trend.

Entry
Right before the entry, the big green candle was on green volume lower than the previous red candle before that even though the big red candle was smaller - anomaly, not enough volume.

• The price broke easily the 61.8 after bouncing on it and curling back down. The price also reached the 78.6 Fib which served as a support (with VWAP confluence). If the price breaks below the 61.8 and approaches the 78.6 Fib, it is weak; Let it prove its strength by breaking the downtrend on very high buying volume.

• 3 hits on the down-trendline should break it, but in this case, as the stock was weak and had low volume, let it break the downtrend on high-volume.

• Wait for the bounce on the Fib + Support level of the major trend.