After a strong bullish uptrend, WICC is experiencing a callback on its way to new high.
The question now is at which price level the callback will stop.
From the Fib retracement, we can see that we are currently near the fib 0.5 level, and from the VPVR we can see the 0.236 level is a strong support level.
So my current opinion is that 0.5 fib is already an acceptable entry point. Main force may enter at the level of fib 382, while fib 0.236 is the strongest support.
The question now is at which price level the callback will stop.
From the Fib retracement, we can see that we are currently near the fib 0.5 level, and from the VPVR we can see the 0.236 level is a strong support level.
So my current opinion is that 0.5 fib is already an acceptable entry point. Main force may enter at the level of fib 382, while fib 0.236 is the strongest support.
