Price has retraced and found support at 38.2 retracement. Am watching to see whether price will break support and perhaps drop to .5 ( 1.2350) or lower or whether price will bounce off current support and continue up to test resistance around 1.25/1.2520.
Comments
Mr_Gedze
⋅
I'm with you on this one... Though I'm merely hopeful and don't have any other indicator/strategy to back it up. I'm a self-taught rookie though. Let's see...
Mr_Gedze
⋅
ABCD Formation.
Sapphira
⋅
Thank you. I'm self taught as well. As I understand it, price needs to retrace to 61.8 to meet the requirements for an ABCD pattern. But support has held so far, so we will see:)