This fib channel has been doing work.
It happens to have perfect confluence with the 9.6k weekly resistance.
So the idea is simple: we go to 9.6k, then a small correction to low 9ks - high 8ks, then 11.5k which is both on the weekly & monthly chart a big resistance level.
There are many ways to come to this conclusion, but this fib channel indicates it in a very clear and simple way.
Good luck, stay safe.
It happens to have perfect confluence with the 9.6k weekly resistance.
So the idea is simple: we go to 9.6k, then a small correction to low 9ks - high 8ks, then 11.5k which is both on the weekly & monthly chart a big resistance level.
There are many ways to come to this conclusion, but this fib channel indicates it in a very clear and simple way.
Good luck, stay safe.