DislikedHi all,
What do you think?
4 HR chart, and market respecting the Fib Zones/Sequences.
The start point of the Fib Retracements is not a stand out point on the daily or anything but the Fibs are being respected.
The first move (in yellow) respected the 38.2 Fib (to the pip) then proceeded down to take out the 610, which overlaps the FE 61.8, again to the pip.
As you can see it went all the way back to the 377 and 61.8 level (with great respect) and then fell south to 987 Fib sequence, again with great respect.
It has recently rebounded to the 610/38.2 level and looks to be heading south again.
Does anyone think 1597 is on the cards here?Ignored
Boxing clever since 76.