as it can be seen there is a
conjunction between a support level and the channel's bottom hence, the price reacted to this point pretty well. first possible resistance would be around the previously lost support which is also a .78 fib level. if we loose this support level we can expect a fall to the second support level.
conjunction between a support level and the channel's bottom hence, the price reacted to this point pretty well. first possible resistance would be around the previously lost support which is also a .78 fib level. if we loose this support level we can expect a fall to the second support level.