- Price Action has bounced off a 3 times and looks like it may for the 4th time.
- The current price action has reached the , which matches a .
- A is also in the stage of forming with a completion around 1.515, which matches a structural zone shown in red.
- completion is in agreement with a Fib Cluster (1.414 BC extension, 1.272 AB extension, 1.13 (1.52 - A point) extension).
- Price Action may bounce off the and continue down to Completion
- Upon completion of the somewhere within the reversal zone, price action may then continue up to retest the Blue highlighted structural zone (which matches a 0.5 CD retracement).
Hope for the best.