The market will most likely stay around the 0.236 and 0.382 area due to the strong support and resistance present. However, it could drop to the 0.5 line and reverse back up as there is a strong support line there. (Note: this is a test of the Fibonacci retracement solely for learning)
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.