Echf has extended as far as I would like to see (further actually) if it was to do a 5-3-5 pattern ( zig zag
). It is above the .618 retrace at 1.618 fib extension. I would like to see more of an ending diagonal
pattern on 1hr. The thing is, as long as the last daily ending diagonal
was (might hold the dang world record), along with the fact that it did a 5 wave out of it, I am looking for a continuation down. Could be a large potential swing but I am not messing with it yet. I want to see more price action. May be a spot you could at least take it down to those yellow 23%/ 38% fibs short term, but I would prefer to see some more price action personally. TDI
well over extended on daily just keep in mind.... the charts correct... look at the chart.... there will be better confirmation in the future.