soooooo bullish right now intraday
Comment:
in theory, if .236 is obeyed, the extension expected is the reciprocol or 1/.236 = 4.23 or 423% from the downleg. that is at 1.66ish, so if it is obeyed, we should see a (1.7-1.53)x4.23+1.66 rally = 2.38 which puts us above the bear trigger of 2-2.5%