Take 11/09 low and 12/15 high. Price is bound between Fibonacci retracement 23.6 and 61.8.
Then out of this range, take 23.6 as high point and 61.8 as low point. Fibo retracement area between these levels are where we are now.
Latest reaction from 78.6 signals short position.
Then out of this range, take 23.6 as high point and 61.8 as low point. Fibo retracement area between these levels are where we are now.
Latest reaction from 78.6 signals short position.