Nifty Continuous Futures Fib Channel

I've been observing Nifty Futures Since 06/January/2022 and came out with this study.

Importand Levels are marked in dark black.

הערה:

its almost five days sgx nifty is still trapped between 2.414 and 2.618 fib level.

הערה:

getting resistance continuously at 2.618 level.

הערה:

every time it tries to go above 2.618 level, it pushed down immediately.

הערה:

After a 8 days long struggle below 2.618 level finally price breakout above it, Now 3.0786 level will act as resistance.