we can see that the fib level of 0.5 has been tested and rejected and we could be looking at a possible bullish move using the 0.5 level as resistance, would put tp at 0.67237 and stop loss at the next fib level (0.66170)
Comment
⋅
instead of bouncing back into a bullish trend the price has hit the 0.5 fib level and used it as support and the 0.618 fib level is being used as resistance