The Fibonacci on the left tells me that price retraced the "resistance" up to 50%. The Fibonnaci on the right tells me that (based off the new potential support zone) that price should retrace up to the "new resistance" anywhere between 50-61.8% or more. Let's see that happens.
I use the 50% - 61.80% for me because price moves three ways and i never feel like it'll retrace 100% off of a support or resistance zone. I have price at least reaching $168 and hopefully that's a new support zone to continue its upside movement.
What do you think?
I use the 50% - 61.80% for me because price moves three ways and i never feel like it'll retrace 100% off of a support or resistance zone. I have price at least reaching $168 and hopefully that's a new support zone to continue its upside movement.
What do you think?