In this case, Fib tool can be very useful because its matching. Putting the Fib extensions tool is measuring the exact position of the next support line. This line is matching with the previous support level , so in this case even the structure is matching. There is also little retracement which is connected to the previous structure. There are a lot of signs that the price will move downwards to the main support level. Then we expect a 2-3 days accumulation zone before the uptrend starts. Also the pivot points and RSI are confirming this move.
Good luck traders, hope you have profitable week ahead..!!
Good luck traders, hope you have profitable week ahead..!!