The hrly fib T1 target has been hit. For me, the fib cycle that generated that target is now complete and it can do what it likes now. I'll pull the fib to a new swing once a retracement south kicks in, this will then provide new likely support/resistance areas and targets to aim for during the next cycle.
In the meantime, i'm still looking for valid cowabunga entries to trade long and will be using the original profit target rules, until the next hourly fib levels materialise and a new T1 is generated.
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