If Price retraces back to previous structure and complies with one of the Fibb levels then I will look for confirmation in a form of candlestick formation (sell signal) or RSI divergence, double top etc.
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Disclaimer
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.