- Bears push the price down to around 1300.00 which is between the 61.8% and the 50.0% Fibonacci retracement levels and bounces off any of these two levels to POSSIBLY test the previous high.
Scenario 2:
- Bears push the price down to around 1300.00 which is between the 61.8% and 50.0% Fibonacci retracement levels, instead of bouncing back up, price breaks out the bottom of the rising wedge and the rest is history.