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How expanding 161 breakout trade would have performed in March 2020

See first: Expanding 161 fibs from a topping swing : BeatTheBear (reddit.com)

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https://preview.redd.it/kbsm9f6o10681.png?width=1920&format=png&auto=webp&s=01bb78fdc88da4d5c88e87fee54cd24458ff03d8

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https://preview.redd.it/bpxpmqwt10681.png?width=1920&format=png&auto=webp&s=6059c6f070de84a74327f92e5f08ab98b972cac5

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https://preview.redd.it/gvrv95nx10681.png?width=1920&format=png&auto=webp&s=1ac80db51f8de30c0b5f15115e86c0a8f77ca773

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https://preview.redd.it/jze5m8j220681.png?width=1920&format=png&auto=webp&s=4efdeea5de41d0316240ce198968b0d2e773248a

And then the breakout fails to continue. Crash cancelled. JPOW uses this swing.

https://preview.redd.it/it1ogyd720681.png?width=1916&format=png&auto=webp&s=ddabd808bb92ad81944d6cece176fcc9cba1e7ce

Three false signals form if using the 161 breakout strategy. The three common retracement levels (You'd not be short the full move. Only on three main levels)

https://preview.redd.it/7qf5c8re20681.png?width=1919&format=png&auto=webp&s=80737e2aed445ba880818b6ebc507feb604616e3

The strategy could then be inverted and signal the level at which it was time to switch back to the bull side. Overall this strategy performed very well during this move.

https://preview.redd.it/sql4tufr20681.png?width=1920&format=png&auto=webp&s=2c57618ea65fdd74b958714ff957012dc0c06df3



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