Basic concept "Resistance and Support". Using Fib scale as our resistance and support levels. Things to Note
Do not ignore the wicks.
Do not ignore the wicks!!!!
Left to right - White box is start (bottom left) of support bounce to start (Top Right) of a resistance bounce [*) Fib levels are respected - Clear wick action where price is pushed with force in the opposite direction at said levels. Also know as a bounce.
If we "bounced" off the bottom Fib level then our next bounce opportunity in the opposite direction is at $29,000
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