The markets are way too oversold and fearful right now, a bounce should be coming up soon.
The next support level would be somewhere around $50, but I don't really see that happening for now.
I consider one more wave down into the $100 region, then a correction to somewhere between the 0.382 and 0.618 Fib level ($145-$170).
Should be a good move since the dump was pretty heavy and we have more or less seen 12 days of blood in a row.
The harder the fall, the stronger the counterforce. Get your seatbelts fastened!
The next support level would be somewhere around $50, but I don't really see that happening for now.
I consider one more wave down into the $100 region, then a correction to somewhere between the 0.382 and 0.618 Fib level ($145-$170).
Should be a good move since the dump was pretty heavy and we have more or less seen 12 days of blood in a row.
The harder the fall, the stronger the counterforce. Get your seatbelts fastened!
