IF PRICE MANAGE TO SUCCESSFULLY RETEST DAILY TRENDLINE AND H4 RED HORIZONTAL LINE REMAINS AS RESISTANCE THEN PRICE WILL REACH FIBONNACI AT 121.4 TO 138.2 FOR TP 1 AND TP 2.
I USED THE 61.8 FIB LEVEL ITS BECAUSE THE 78.6 IS NOT A FIB KEY LEVEL. THE 61.8 LEVEL ACT AS THE 38.2 . IF IT MANAGES TO HIT THAT LINE PRICE WILL FIND TP1 161.8 FIB LEVEL AND BEYOND
THE REASON I PUT THE RETRACEMENT UNTIL 61.8 IS BECAUSE 78.6 IS NOT SO VALID IN A FIB LEVEL. THE 61.8 ACT AS THE 38.2 AND IF IT HITS , IT WILL FIND TP 1 161.8 AND BEYOND. IF IT BOUNCE BACK TOMMOROW AS REJECTION THIS ANALYSIS IS INVALID AND IT WILL GO ALL THE WAY DOWN.
IF IT MANAGES TO PASS ALL RESISTANCE 83.75, 83.94, 84.29 AND 84.38 WITH SUCCESSFULL RETEST IT WILL GO UP OTHER WISE IT WILL GO DOWN. IF IT MANAGE ALL THIS AND PASS MINOR DOWNTREND ON D1 AND H4 DOWNTREND THEN IT WILL GO HIGHER.
