Next Fib support coincides with the long-term trendline @ $250
If the market reaches new lows this month, the next fib retracement level is 1.618 which is $250. This level coincides with the long-term trendline going back to 2009. The green rectangle shows the area of resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.