Price can be seen to rise along fib circle (1)
Applying this same action, we can assume a dump along 2.618 as price passes vertically against the 2.618 fib circle line
If this occurs, price will likely recover at the .382 fib retracement line, which has been a previous place of support
A pretty radical idea, but not impossible
Applying this same action, we can assume a dump along 2.618 as price passes vertically against the 2.618 fib circle line
If this occurs, price will likely recover at the .382 fib retracement line, which has been a previous place of support
A pretty radical idea, but not impossible
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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.