- Predict that, as in the past, the 38 fib will be respected and price will move upwards (or the trend line will do it)
- As the weekly and monthly frames reveal a positive trend since late 2016, the 23 fib will have to be broken relatively soon if price maintains the current trend (hence the 2 r:r analyses)
- once the 23 fib is broken, price will likely just continue up the channel made by the trend lines