In part 2, the trend is . What gives us a first sight of that is the breakout. Then a new high is formed. Taking the fib retracement levels we can see that 38.2% is again a strong level of support. We are ready for placing long orders. We use fib extensions and determine out target at 1.3881, which is the 1.272 level.
Finally, we can see that fibonacci tools provide a great company for the traders. Not all the times, but most of them. We can find many examples. This is just one..