With that off Fibbo H1. We have to look again at the surroundings in large TFs to get the nearest price action. These circles marked here indicating a huge decline like water fall. A high risk sell with a Stop loss above at prev immediate high 1858.92 is advisable for this entry. If broken then a test 1868-73 is more likely to happen. There are so many supports that only and only a water fall like movement can flush them off. Otherwise the very first support 23.6 level is containing Sma 200.
If we look at Fibbo H1 as regular then it is indicating south direction where price has to meet 23.6 with Sma 200 then 38.2 with BB4 mid band and finally 50.0 with couple of candles holding as support.
CONCLUSION : It is advisable to wait for an entry till the price to make a proper bottom 1828-33 (MRB) or a proper top 1868-73 (MRS) where momentum should have died also.
If we look at Fibbo H1 as regular then it is indicating south direction where price has to meet 23.6 with Sma 200 then 38.2 with BB4 mid band and finally 50.0 with couple of candles holding as support.
CONCLUSION : It is advisable to wait for an entry till the price to make a proper bottom 1828-33 (MRB) or a proper top 1868-73 (MRS) where momentum should have died also.