Simple's Green Room

[Qui-Gon Kagi]

I've got two fib possibilities on my chart below. Regardless the fibs, I'm not giving up on the channel bottom trendline yet either. My daily chart below is showing a good bounce potential based on the channel as well as the TRIX and PPO lines all bottoming in their windows. I am curious though as to which fib lay is more accurate and what to expect based on fibs alone.

Off topic, I've dropped the MA21 after all the confusion as it's just not cutting it for me as an adequate or strong support/resistance area. At this point, it's just another line that clutters my chart. In fact the MA62 would be my choice if I were going to leave an extra MA on a candle window below the main chart. And as it so happens, the price is currently sitting on the daily MA62 line which does add to the support area that I'm seeing with the channel bottom trendline.