Technical analysis by bovinebreed about Symbol QRDO: Buy recommendation (4/4/2024)

The Fibonacci Extension Swing Trading Strategy is designed to capitalize on price retracements and extensions within the context of a trending market. Utilizing the 4-hour (4HR) timeframe, this strategy combines the principles of Fibonacci retracement and extension levels to identify potential entry and exit points. The primary goal is to achieve a profit target exceeding 30% while managing risk through an adjustable stop loss initially set at 2%.