One thing I have learned is to always look and analyze different tools, never get fixated with one, check the old long-term chart if price respected support, compare and see if 2 or more different tools match supports then analyze from there and add more tools to check. I also look at long-term charts of other financial markets to make a comparison of how prices move over the years. I have observed that once a price reaches a peak of 3.618 on a bigger Fib, price goes down up to 2.618 or just a little below. it may not be the case all the time that is why an arsenal of tools is necessary to analyze
Commentaire:
this support and resistance line still working