As we see on our graphic , master fibonacci says that 15,67 is a very important level during this sell off.
It is 0.382 level of our historical low and high prices.Usually in a healthy correction price may fall till fibonacci 0,382 and 0,500 levels.
In our case, a daily close over this price going to prove that it works as a support.
It is 0.382 level of our historical low and high prices.Usually in a healthy correction price may fall till fibonacci 0,382 and 0,500 levels.
In our case, a daily close over this price going to prove that it works as a support.