gann box, gann fan, fib channel are the tool used step by step. 0.618 is considered as the support level and 0.25 as stop level according to the volume and no of trades. .236 in the fib channel is considered as resistance. since it breached the res and reached the target some partial profit booking is expected since its below the median line red. possible buy is around .618 or .382 level in fib channel for target-1. refer previous similar charts to get some idea about the performance.
Malkaviano
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@RajiRajendran,
Thank You very much for the explanation.
How do You aling the bottom (horizontal) fibs? By the trades, and they only serve as a reference?