Gotta look for reversal patterns in a smaller TF to confirm such scenario.
In anyway, it already looks too overbought to me.
Fib ratios a going to help us to find out the best level for the next long entry, if decline actually happens in the first place.
NOT A TRADING ADVICE, JUST AN OPINION.
Going to modify fib channel once price breaks above fib 0 line instead of breaking below white dotted line.
If it doesn’t break above fib 0 then this is the perfect chart to follow.
25 points up trend possible!!!!
it will fluctuate between 485-500 or up trend to 515-525 or higher
check the future it let you know