Fabulous Fibs forming?
Updated
Fib channels are tricky beasts: just when you think the placement is clear, something drastic happens to the price and you notice you were wrong all this time, and the exact same price action seems to perfectly fit another channel. For now though, the price seems to work well with support and resistance lines in this fib channel. That would mean we'll see movement to the center line and the top line in the next 2 days.
Note
I've adjusted my "second low point" of the Fib channel from 2120 to 2105 to reflect the recent changes. TA for me is not making predictions, but constantly updating your point of view and geometry to estimate probabilities.
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