Fibo inside Fibo points down
Take 11/09 low and 12/15 high. Price is bound between Fibonacci retracement 23.6 and 61.8.
Then out of this range, take 23.6 as high point and 61.8 as low point. Fibo retracement area between these levels are where we are now.
Latest reaction from 78.6 signals short position.
Then out of this range, take 23.6 as high point and 61.8 as low point. Fibo retracement area between these levels are where we are now.
Latest reaction from 78.6 signals short position.
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.