Price made its retracement to 0.5 fibonacci retracement and now is heading down. We can definitely expect that price will reach our support level. But here comes a question: "What will happen next ?"
Well,I expect more of a bearish move because there is a strong combination of a support level and -0.618 fibonacci level. But we must count with the second scenario as well. Because price usually respects S/R levels.
Well,I expect more of a bearish move because there is a strong combination of a support level and -0.618 fibonacci level. But we must count with the second scenario as well. Because price usually respects S/R levels.