Fibonacci channels act as support/resistance. For local demand supply levels look for the nearest at least 2 lines to the current price. Once reaches any of short-term targets, the graph shows probability of reversals In terms of fib intersections.
Fib 1.618 price Levels in respect to fractal:
Rest
Interactive:
www.tradingview.com/...coin-CME-Futures-FC/
Fib 1.618 price Levels in respect to fractal:
Rest
Interactive:
www.tradingview.com/...coin-CME-Futures-FC/