This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
Take the dip of double bottom (1.1980). Extend the Fibo passing from next high point (1.2700) and then following low point (1.2100).
This extension is forming the support/resistance lines.
Fibo extension 1.000 built up 1.2820 level.
Extension 1.618 is building 1.3250 support/resistance level.
Take 11/09 low and 12/15 high. Price is bound between Fibonacci retracement 23.6 and 61.8.
Then out of this range, take 23.6 as high point and 61.8 as low point. Fibo retracement area between these levels are where we are now.
Latest reaction from 78.6 signals short position.