Drawing fibs over the last major swings down (from 1 and 2) gives us these fib levels which initially represent resistance levels.
2 fibs close to each other indicate a higher chance or a stronger resistance level.
Should this level break (~6742- 6773) we could see volatility increase as we move north towards the next resistance level.
2 fibs close to each other indicate a higher chance or a stronger resistance level.
Should this level break (~6742- 6773) we could see volatility increase as we move north towards the next resistance level.
