This fib played out to a tee to the 2nd fib extension. Price went further and now starting to drop.
If price respects this fib then new ath will be circa 2796.
If this fib gets violated then I see price heading to a new ath
Last week my bias was long eyeing TP @ 1750. This now looks like it may play out in the other direction with a TP at 1650. React don’t predict.
This a respected zone/price point in the past
Here we have a clear fib retracement from 1680 on the weekly timeframe. Price has been heading towards 1800 for the last 2 weeks. I expect this to play out this week.