I am currently looking for indication the next move will take us to the 61.8, possibly 78.6 fib
The 61.8 fib lines up with current level and size of earlier candle 3240 - 3470
Looking at volume profile I have orders to add long if we retouch the 3240 support or wick to 0 fib at 3200
I already have a short open from 36 so will keep a close stop on long, 3160-3180 but will be monitoring the price if it drops to that level
Magenta dashed lines are just rough support / resistance lines
Grey boxes are order blocks from last year
Purple and Blue vertical lines are just guides for candle height
The 61.8 fib lines up with current level and size of earlier candle 3240 - 3470
Looking at volume profile I have orders to add long if we retouch the 3240 support or wick to 0 fib at 3200
I already have a short open from 36 so will keep a close stop on long, 3160-3180 but will be monitoring the price if it drops to that level
Magenta dashed lines are just rough support / resistance lines
Grey boxes are order blocks from last year
Purple and Blue vertical lines are just guides for candle height