$BGBU — daily time frame
Any growth is accompanied by a correction. Just like "After even the longest night comes the dawn"...
Straight to the point. The chart shows a pronounced impulsive growth from the breakdown of the accumulation block.
Fibonacci correction helps to build support levels, and the volume profile — to filter them.
Training on both indicators is higher in the channel.
Now we have two local levels and one main one. From here we have three correction levels, with a total depth of 48.6%.
And here are three targets for fixing short positions.
What could be simpler?