Fibonacci retracement targets never ceases to amaze.
Note above that each new high is followed by a dip to a significant Fib support level.
If the current Fib .236 level holds at 60417ish the uptrend should resume to set new highs. If it breaks, look for price to dip to the .382 Fib level at 56,642ish. Set stops or entry targets at these levels.
Note above that each new high is followed by a dip to a significant Fib support level.
If the current Fib .236 level holds at 60417ish the uptrend should resume to set new highs. If it breaks, look for price to dip to the .382 Fib level at 56,642ish. Set stops or entry targets at these levels.