@Trade4Profit88 yes that right as you say..but after that, price also needs to get above the 50% or 62% Fib level of the retrace as well, then whooska..sometimes it will break these Fibs with no resistance at all and then do a small back test from above, other times it will resist from the get go as in this case. looking at DXB it went right through the 50% Fib on that one at 16c then did a few back tests from above before really taking off.
RCR chart, page-81
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