Price is testing the buy break of the .618 level from the previous fib which around 44383, if we get a full candle closure above this level we can expect to see price go to the next .5 fib at 46k.
one price breaks above this level I see strong potential for price to fill in the entire s=center of the fib circle to the next current level which is the .236 level on the upper half of the fib circle at 46,500.
if price "fakes out" and wicks back down we can expect to see price to go back to at least 42k.
one price breaks above this level I see strong potential for price to fill in the entire s=center of the fib circle to the next current level which is the .236 level on the upper half of the fib circle at 46,500.
if price "fakes out" and wicks back down we can expect to see price to go back to at least 42k.
Comment:
correction, I mis typed on my second paragraph- the .236 level price I think we will head to if we get a closed candle above 44400 is at 49,500 :)
