Using previous support and resistant levels with Fib.
I find that the previous fib levels fit perfectly with the current high and low with that I am expecting to see the 78.6 level being the rejection zone. So will be shorting at that level.
Based off of the recent support and resistance levels we currently are testing a strong one. Also using the fib with some comparing back test after hitting each low I used the previous retest as my high and each retest ended at 61.8 to 78.6. We shouldn't broke this level but if we do I caution a trend change..
Charts tend to repeat there selves often. With that theory I came up with checking the charts last retest and current retest both fib levels can't reach 50% and fight to push up which results in a crazy momentum buildup aiming toward the downside.Just think I keep hitting a unbreakable wall eventually I need to rest and once that rest occurs the bears won't let...