The fibonaci sequence height of the falling wedge down to the lowest point of the bear cycle, shows that the 0.618 fib is the same as the hightest point before the last run up, so it act as an important resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
