A fib ratio is lining up off of the current swing high and low if the market pulls back from these pivot swings.
If the market can swing back to the 50% fib, then the market may proceed to the fib ratios where the 1.618 fib extension lines almost slightly with the 141.4 retracement. Also, there seems to be significant support zone slightly above this areas as well. That area is where the profit area is shown on the chart.
If the market can swing back to the 50% fib, then the market may proceed to the fib ratios where the 1.618 fib extension lines almost slightly with the 141.4 retracement. Also, there seems to be significant support zone slightly above this areas as well. That area is where the profit area is shown on the chart.