This analysis utilizes the Fibonacci Fan tool to identify key support and resistance levels based on retracement and projection angles. The fan lines are drawn from a significant high or low point, aligning with major price trends to forecast potential turning points and confirm ongoing trends. By combining Fibonacci ratios with price action and other technical...
If we look at the top BB is outside the KC and the bottom is inside while confirming resistance hit that bounced down, looking at the golden range on a bearish trend around $1500, breaking that could lead to a run down to $622, possible bounce at $1500
