Hello wonderful person!
I have added my thoughts into the chart, hoping this will be quicker to read and understand than a wall of text.
Just some pointers are that the first Fib retracement is added from the very start of this first upward price action (First trend).
The second fib is actually a Fib trend extension that measures from the first correction and up to the top afterwards, and then to the 2nd correction. I will use this one to spot new resistant lines and support, but compare with the first fib retracement.
Stay safe and good luck trading!
I have added my thoughts into the chart, hoping this will be quicker to read and understand than a wall of text.
Just some pointers are that the first Fib retracement is added from the very start of this first upward price action (First trend).
The second fib is actually a Fib trend extension that measures from the first correction and up to the top afterwards, and then to the 2nd correction. I will use this one to spot new resistant lines and support, but compare with the first fib retracement.
Stay safe and good luck trading!