Looks like an earliest stage of a breakout preceded by similar patterns formations on the bottom.
Comparing those patterns is justified because as we zoom into first pattern it pretty much coincides with behavior of the second.
Horizontal Fibs aren't used as a retracement, but shows how critical high points of fractal indexed 0 and 1 gives out golden ratios that decodes support and resistance levels below.
Vertical TimeFibs are synchronized to the values of Horizontal Fibs.
Comparing those patterns is justified because as we zoom into first pattern it pretty much coincides with behavior of the second.
Vertical TimeFibs are synchronized to the values of Horizontal Fibs.
Comment:
Deepening into Demand zone
Comment:
Well, looks like mid-term reversal