If the price approaches the fib circles one may expect local changes in trend and price momentum.
The dashed line within the fib circles shows the current trend, it shows too how those have been set in place.
I started with the current change in trend and prolonged it towards the intersection of 2 former up trends.
This turns out to be incredibly well aligned with the current long term support and some resistance levels.
Enjoy
The dashed line within the fib circles shows the current trend, it shows too how those have been set in place.
I started with the current change in trend and prolonged it towards the intersection of 2 former up trends.
This turns out to be incredibly well aligned with the current long term support and some resistance levels.
Enjoy
