One thing I have learned is to always look and analyze different tools, never get fixated with one, check the old long-term chart if price respected support, compare and see if 2 or more different tools match supports then analyze from there and add more tools to check. I also look at long-term charts of other financial markets to make a comparison of how prices move over the years. I have observed that once a price reaches a peak of 3.618 on a bigger Fib, price goes down up to 2.618 or just a little below. it may not be the case all the time that is why an arsenal of tools is necessary to analyze
Download to update to see the support. It recent low of 29,500 something respected the next diagonal line. The price can go up from here for now and will later break next supports
OneYellowBook
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using the wrong chart
angelsmfg
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@OneYellowBook, ???? do you know it? show me your chart then
angelsmfg
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@OneYellowBook click to download. tell me what the recent low respected