As you can see ARB bounced of the 2.618 FIB level and started its reversal, its CRUCIAL for ARB to stay above the major support at 1.74 to continue its upward movement. A crash below this support level will violate the analysis.
Moreover, the price bounced of the 0.618 level at the last wave after reversal, adding more conformation that price is consolidating there and is ready for the next leg up!
NFA, use it as guide.
Moreover, the price bounced of the 0.618 level at the last wave after reversal, adding more conformation that price is consolidating there and is ready for the next leg up!
NFA, use it as guide.