Wave 1 to 2 and 3 to 5 are both 1:1 fib extensions. Expect 0.618 as resistance levels. Channel range between 25800 and 33000. At moment 13 June 22 high is support and nPoc 26,850.
Comment:
See the power of Fibs and fib extensions when you study the charts on 5 minute time frames. Pull from left highs to lows. Study how 0.236, 0.382, 0.681 levels are respected, for breakouts and rejections. Add fib extensions to see further how levels are hit. Same levels as drawn here on this weekly. Become a Fibanator. :D From small time frames to larger time frames, it all starts making sense.
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