The 0.618 Fib line held remarkably well and has bounced nicely to come up to the yellow trend line that has been in place since Sept '22. Bulls will want this to break out next or if it rejects after hitting this line perfectly today, it could come back down to the 0.618 Fib Line again.....for now, it is unclear which direction this will move next.
Suhas Chatekar
2023-05-10 10:11:39 +0000 UTC