DJI over 2.618 fib extension

21 במרץ 2021

It's very interesting to find that since last year's drop, market has recovered exactly to the FIB levels. First reached 0.618, retraced. Then around July reached the 1.618 mark and sharply retraced. And finally we have reached the 2.618 FIB extension mark and everything seems to point to a new reversal, maybe this time closing near the 200 EMA.