This chart is for educational purposes and is not for financial purposes.
I think not, although the wick into the fib retrace line looks suspiciously like the end of a bear run. Most likely, this retrace will finish in between the 78 and 88 fib levels. I'm seeing confluence around $3.00 and $2.70. A break below and we could head towards $2.30.
I think not, although the wick into the fib retrace line looks suspiciously like the end of a bear run. Most likely, this retrace will finish in between the 78 and 88 fib levels. I'm seeing confluence around $3.00 and $2.70. A break below and we could head towards $2.30.