Currently Sitting at the 0.618 FIB support for the moment but I can see more potential
downside in the coming weeks/months.
Most likely that will be complete around the .886 fib which has confluence with fixed range pull and
the range before Covid 2020 selloff.
Correcting back to those old ranges before the Covid Selloff 2020 makes sense after 180 % gains
regardless of the event that gets us there its a healthy market correction and needed.
If we hold where we are then i think its possible to range inside of the Unofficial red channel
but eventually find our way down to the said levels .
downside in the coming weeks/months.
Most likely that will be complete around the .886 fib which has confluence with fixed range pull and
the range before Covid 2020 selloff.
Correcting back to those old ranges before the Covid Selloff 2020 makes sense after 180 % gains
regardless of the event that gets us there its a healthy market correction and needed.
If we hold where we are then i think its possible to range inside of the Unofficial red channel
but eventually find our way down to the said levels .
