The price has probably found its footing at the whole number 1.8000, just below the C-APP-1.618.
What's next? Probably a bounce off of an alternate low (black line) and a rally back up to the Median Line.
Otherwise a further decline, which is less likely in my opinion.
My concern here is we still haven't seen any failures of the bears. I expect one to happen, if the market makes the first higher low.
What's next? Probably a bounce off of an alternate low (black line) and a rally back up to the Median Line.
Otherwise a further decline, which is less likely in my opinion.
My concern here is we still haven't seen any failures of the bears. I expect one to happen, if the market makes the first higher low.