The fib. was the swing I am trading , I traded short at 38.2 and 61.8
The reason was , look to the left at 50% and 61.8% of the swing , there was actually very weak continuation but price reacted strongly there , this prove to me that seller are strong , while the strongest selling area was above 78.6 , I don't think price can reach there.
the main swing was the black line , I trade this current swing was because after seeing the blue line strong correction, price not only able to create NSL , and bull actually lose also at the rectangle area.
The reason was , look to the left at 50% and 61.8% of the swing , there was actually very weak continuation but price reacted strongly there , this prove to me that seller are strong , while the strongest selling area was above 78.6 , I don't think price can reach there.
the main swing was the black line , I trade this current swing was because after seeing the blue line strong correction, price not only able to create NSL , and bull actually lose also at the rectangle area.