The difference between price and Daily Kijun has never been greater. Price will retouch Daily Kijun at some point. I'm predicting that will happen around $3,500. From there we can draw a new fib with new target.
I'm predicting that will happen around $2,500 not $2,500
feattte
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@feattte, I'm predicting that will happen around $2,500 not $3,500
Tradelive
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Nice, interesting.
I have a question, how do you draw the second Fibonacci? Where do you draw the 100% line?
medicusnocte
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Yes, same question here.
Stugazi
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@medicusnocte@Tradelive I didn't draw the 100%. It's a trend based fib extension. I drew from the low at $2400 to the high at $4500 back down to an expected bounce at $3500 for new targets.