I've been using Price action and SnD levels to scalp / day trade for the past 6years, and FIbs are one of my favourite tool to use on the Day and 4 hour time frame , to gauge the possible short term movement.
Fibs Values: Only the first 5 boxes, right and left
1st pair: 0 <> 0.236
2nd pair: 0.382 <> 0.618
3rd pair: 0.764 <> n/a
4th pair: 1 <> -0.25
5th pair:...
Price has rejected the daily resistance and started moving towards the key support. We are currently retesting the 61.8 fib and mid-zone as resistance. RSI is also showing divergence. Waiting for a lower time-frame bearish candlestick pattern to see a continuation of the trend to the key support. Use proper risk if entering.
