On the weekly chart we are now in a very strong key zone that price has respected numerous times! I took a fib retracement from swing high to swing low which gives us a 0.618 in this area! I took a fib extension from last leg of the move which gives us a 1.27 and a 1.41 in the same area! We are also pressing up into overbought conditions on the RSI which i have also highlighted on chart!
Looking forward to seeing how price reacts!
Looking forward to seeing how price reacts!