Price looks to be respecting the 50% Fib which is also confluent with a historic support and resistance zone
Therefore, bounce could mean it follows the Uptrend channel it is currently in
Assuming price continues to respect the 50%, i would then wait for a break of the 38% before entering a Long trade to the 0% Line (Target 1) and the -27% line (Target 2)
Therefore, bounce could mean it follows the Uptrend channel it is currently in
Assuming price continues to respect the 50%, i would then wait for a break of the 38% before entering a Long trade to the 0% Line (Target 1) and the -27% line (Target 2)