There are two models for the current market trend. One can be seen in orange the other in blue.
While I think that blue is more unlikely to happen as it seem to artificial, I still place it there as a possibility. (I give it 1/5 the rest is blue)
However indifferent of which one of these two manifest itself one thing is for sure, we will hit the next fib level at 4.8k.
The range I would take in account would be 5-4.6K.
While I think that blue is more unlikely to happen as it seem to artificial, I still place it there as a possibility. (I give it 1/5 the rest is blue)
However indifferent of which one of these two manifest itself one thing is for sure, we will hit the next fib level at 4.8k.
The range I would take in account would be 5-4.6K.