I’ve replaced the fib channels with parallel channels since it’s easier on the eyes.
The solid EMA bands correspond to the default setting of 14,5, 100 and 200. The dotted lines correspond to the Fibonacci numbers 89, 144, 233 and 377. The 233 EMA acting as the firm bottom. The 100 and 89 acting as firm support. At 7800, the 50 EMA could act as support should we correct down from the 8k range.
The solid EMA bands correspond to the default setting of 14,5, 100 and 200. The dotted lines correspond to the Fibonacci numbers 89, 144, 233 and 377. The 233 EMA acting as the firm bottom. The 100 and 89 acting as firm support. At 7800, the 50 EMA could act as support should we correct down from the 8k range.