FRX Chart, page-199

Hi @peejayhercules
Happy to see my Fibs line up with yours so it means I am getting better at placement. Still unsure on which low to use to start the sequence so any tips you may have?
MACD, RSI turning up, 3 green days post down trend, short term EMA's turning up into flattening of long term EMA's, small/no lower wicks all points to a buy imo. Guess we are now looking for volume to kick in or is that what we do not want, always get confused here?
I got stuck at 5.4 after believing the 62% would hold and too slow to take advantage of the next day's spike. That was really a buy bar being a bullish engulfing with the long upper wick almost forming an inverted hammer but it went the opposite direction. I guess that long upper wick could also be seen as rejection of higher prices, either way it was a buy imo. Apart from the 5.4, beyond that, 7.0 could also be a strong resistance level.
Your thoughts on my TA appreciated.