Perfect fib retractment and now time for some bounce.
Pc jeweller is holding on to .382 fib level with .5 passing thru the gap, that's somewhat like ideal text book retracement.
from here if it holds the support at .382 then I expect it to test .5 and .618 fib levels.
stop loss should be comfortably below .382 to avoid any random wick.
do hit like and share your opinion about the expected price action.
from here if it holds the support at .382 then I expect it to test .5 and .618 fib levels.
stop loss should be comfortably below .382 to avoid any random wick.
do hit like and share your opinion about the expected price action.