I believe this current structure falls well into a strategy model that I'm very familiar with and so far its ticking the boxes. If you want a fractal or reference to this structure, then here is one.
The video does the explanation on key points. As for the strategy, that for you to find out from the clues I have given. Even on the tags.
thanks for the analysis, so basically you discard the rejection at 61.8 fib that you mentioned earlier (61.8fib followed by checking lower levels) and anticipate further upwards movement?
ssari
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@lmkuch, Yes to the reference going down to the lower levels such as 42k to 45k based on this hypothesis.
As per my chart here, the buy zone is now higher which is that zone. I do expect a response from the 618 fib however we need to see how it approaches that 618 level to make that next decision.
For now, I'm watching how it will break the 0.5 level to be sure.
The previous scenario that I spoke about with much lower levels seems more unlikely.
That is my thoughts for now.