I hate to keep talking about Fib levels. We really don't need them . But I can't seem to get across what makes a good 35/50 and 62 ema trade without them. Plus they are usefull when analysising possible entry levels on wicks of daily and 4 hr candles. But as seen here if price action is forming a pattern that looks like a check mark and price hasn't been near the levels in a while the chance they are good is greatlly improved.
Good Trading To All ; Ken Lee