I used the Fib Retrace from the initial break of a high (and resistance as you see as the org line) which is the now low, to the swing high. To identify and area of which has the strongest chance of price rejection and a possible turn around point. I say either .50 or .618.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.