Sometimes you don't have to attach too many indicators to see what's going on - perfect example of how the midpoint of a large candle can act as s/r - interesting the way the 50% fib reinforces this. I could have drawn the fib at the upper and lower candle body points but that only comes up with a similar scenario at different levels.
In a nutshell a nice consolidation pattern and worthwhile watching for a break either way.
idc
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