- Predict that the 50 fib will continue to be respected as past trends suggest, pushing price upwards with the trend line
- It appears as though the 38 fib has a cyclic pattern of being respected and broken (hence the 2 r:r analyses)
- I'm uncertain if the point highlighted in the green circle is indicative of the price respecting the 38 fib, in which case we can, from looking into the recent past, expect the price to break through the 38 fib and continue towards the 23 fib (red path), but might respect the trend line too - I'm too new at this to tell ;_;
- Be sure to monitor this one carefully and set your stops since the weekly and monthly frames suggest and overall decrease in price action (should be looking up though in the short run since best korea backed down lol)