Essentially. The low/high has perfectly set it up for those important points to be tested and retested. Pretty clear support/resistance lines from the previous moves up, depending on whether it can break back through those .4142 and .618 levels. It looks like it might as I'm writing this. .618 will be more interesting to watch again.
4030 was my critical price level earlier and it did not really respect it well. Good luck.
s3.tradingview.com/s...shots/g/gFgtr7lD.png
rough projection of next set of fib lines.
edit: yes it is looking like it will make it past .4142, .618 is next. Hope so, at least.
If you scroll to the left you can see where this support line came from.
4030 was my critical price level earlier and it did not really respect it well. Good luck.
s3.tradingview.com/s...shots/g/gFgtr7lD.png
rough projection of next set of fib lines.
edit: yes it is looking like it will make it past .4142, .618 is next. Hope so, at least.
If you scroll to the left you can see where this support line came from.
Comment:
edit2: nevermind lol
