A possible return from the meeting place of several resistances!

11 nov 2022

At this time, the price is below the point where several static and dynamic resistances have met, and this issue reinforces the possibility of a return and price decline. In this case, equal to the valid Fibonacci correction percentage compared to the previous upward wave, the price is placed in the range of 161.8%, which coincidentally is equal to the 61.8% valid Fibonacci correction compared to the previous large upward wave.