On this chart, it seems that we have the fib extension of 1.618 further down and we have the fib macro level of 0.618 on the weekly here if we include the wicks.
For now, I think the pattern also suggests both levels are relevant. Averaging in here based on the weekly chart makes sense.
Regards, S.SAri
another fib perspective
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played out perfectly
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based on a few things, I still feel the bottom is not in. The range we are in, is still accumulation. This recent bottom could be close from a wyckoff perspective, one more dump.