The range 0.75-0.618 is an important range for the fib speed resistance fan that we are in this range.
According to the chart, two scenarios are possible:
1. Price increase until the collision with the line (0.618 fib). If he can close the candle above the donchain channel then this scenario will happen
2. Reduce the price until the collision with the line...
There are two scenarios here
1- Drop to 68.82 (which is the support range number) which according to the macd exit signal of this scenario is more likely.
2. Climb to 217 (which is the resistance range)
The noteworthy point is that if scenario 1 does not happen and it can stabilize itself above the number 68.82, the profit margin of scenario 2 is.
I think it was completed in 5 Elliott waves and now we are in correction waves that we have to correct to c. But on the other hand, I think that these are in the heart of the first and second waves of Elliott that are going to be formed in the future.
