I might be completely wrong, but I thought to share this idea anyway.
Treating the recent price action as wave 1 of a downward trend, and correction wave (2) of said trend, respectively, we can come up with some future support levels to target based on proportional cloning and multiple fibonacci retracements.
The proportional clones of price action "size" seem to agree with some key levels, implying major support points could be around 89.26 and 86.73.
If we fall below the 93.18 level recently tested, I think this could be the case.
Treating the recent price action as wave 1 of a downward trend, and correction wave (2) of said trend, respectively, we can come up with some future support levels to target based on proportional cloning and multiple fibonacci retracements.
The proportional clones of price action "size" seem to agree with some key levels, implying major support points could be around 89.26 and 86.73.
If we fall below the 93.18 level recently tested, I think this could be the case.