請教三心老師

 I am learning Fib Levels. Kindly tell me if my understanding is sound here:  Let me using HIMS as an example: 

Since today (Nov 14) HIMS closed @ $20.85, which is > $20.55 (Fib 0.786), then I should read it as if the price stays above 20.55, the uptrend is positive for tomorrow, if any time the price goes lower than $20.55, it COULD  go to the lower supporting level at $18.64. 

 

Is my understanding on the right track? Appreciated.

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