0.618 fib of downmove from January 3 to january 5

price is in the 0.618 fib level, if breaks up is very bullish, also is a good point to short in a bear scenario. I'm long with profit so adjusted the SL if we are in the bearish scenario.

Comment:

is also a congestive zone, should be a pull back zone of the bull movement, nice short moment.

Comment:

Put my SL under the kind of wedge, if price go down I would try to sell with profit in 116.807