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May 10, 2018 6:24 PM

ETH Possible Corrective Targets Short

Description

Posting for tracking purposes, will elaborate if I get time or if it starts to come to fruition. My original expanded flat is invalid now, however I am still tracking it in BTCUSD.

Trade active

I call that a hit on the 100% fib, although I will leave this trade open for possible further correction. Beware, below $543 and I believe further downtrend is to come.

Comment

Tapped the 1.618 fib on the head. That original ABC was a just a smaller one making up A of a larger ABC, which last night touched the 100% fib perfectly, A=C. Could still see the 1.382 or 1.236 fibs. Again, below the 1.618 has me losing confidence.

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