The price struggled a lot between the fibo levels 1.27 and 2.0 of a uptrend. So the confirmation of entry had to be set much higher to confirm a real trend.
I drew another fibo to see where the next resistance would be.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.