The price of wheat decreased from the resistance drawn on the chart to 0.23 Fibo area, and from it it bounced back to the top exactly to 0.5 Fibo area, but did not break it.
We watch the price if it breaks the 0.38 area strongly, it is likely to reach 0.23 Fibo area or more.
If it bounces back from the 0.38 region and breaks the 0.5 zone, it will likely reach the 0.61 Fibo area.
Traders, if you liked this idea or have your opinion on it, write in the comments.
We watch the price if it breaks the 0.38 area strongly, it is likely to reach 0.23 Fibo area or more.
If it bounces back from the 0.38 region and breaks the 0.5 zone, it will likely reach the 0.61 Fibo area.
Traders, if you liked this idea or have your opinion on it, write in the comments.
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