We need to break 0.61 resistance and close above 347.5 B to confirm a move to the 0.5 on this reverse fib.
If not, we could be set back for weeks, perhaps dropping back to 0.78.
TA educational note: if this plays out, I will start to favor reverse fibs on bear to bull market reversals.
Fibonacci would have been a crypto trader.
If not, we could be set back for weeks, perhaps dropping back to 0.78.
TA educational note: if this plays out, I will start to favor reverse fibs on bear to bull market reversals.
Fibonacci would have been a crypto trader.