Following on from my idea yesterday around the impulse leg and 618 retracement on the hour chart which played out, on the bigger timeframes this has formed out X to A leg and A to B leg of a possible Bearish cypher.
B to C would see us down towards the over sold Area of the RSI, there may be some support around where teh A leg got to as previosusly shown we consolidated in the is area for a few weeks, If broken then there is a chance to get down to point C
B to C would see us down towards the over sold Area of the RSI, there may be some support around where teh A leg got to as previosusly shown we consolidated in the is area for a few weeks, If broken then there is a chance to get down to point C
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