Support/resistance line forming at Fibo extension 1.618

4 באוק׳ 2017

Take the dip of double bottom (1.1980). Extend the Fibo passing from next high point (1.2700) and then following low point (1.2100).
This extension is forming the support/resistance lines.
Fibo extension 1.000 built up 1.2820 level.
Extension 1.618 is building 1.3250 support/resistance level.