AFTER LOOSING SUPPORT 730DMA SUPPORT IN:
1. DEC 15 WE DROPPED 53% TO FINAL LOW.
2. NOV 18 WE DROPPED 43% TO FINAL LOW.
3. OCT 19 WE MAY DROP 33% TO FINAL LOW.
THIS SHALL TAKE TO JUST UNDER .786 FIB AROUND $5135 PROVIDING WE GET THE MOVE DOWN NOW.
MOST PROBABLE OUTCOME LOW.
I THREW IN A 43% DROP WHICH ALSO LINES UP WITH PREVIOUS PRICE STRUCTURE AND A .9 FIB
WHICH WOULD SEE A BOUNCE OFF 4.2- 4.3K RANGE
Note: Shaded area is 49DMA, Gold Line is 730DMA.
1. DEC 15 WE DROPPED 53% TO FINAL LOW.
2. NOV 18 WE DROPPED 43% TO FINAL LOW.
3. OCT 19 WE MAY DROP 33% TO FINAL LOW.
THIS SHALL TAKE TO JUST UNDER .786 FIB AROUND $5135 PROVIDING WE GET THE MOVE DOWN NOW.
MOST PROBABLE OUTCOME LOW.
I THREW IN A 43% DROP WHICH ALSO LINES UP WITH PREVIOUS PRICE STRUCTURE AND A .9 FIB
WHICH WOULD SEE A BOUNCE OFF 4.2- 4.3K RANGE
Note: Shaded area is 49DMA, Gold Line is 730DMA.