Will it bounce off $107-$108? Or dip to $102?
Diminishing downward momentum. Could see short term bounce off at key level $107-$108.
But it looks like there will be a steeper A-B-C downward retracement to Fib 0.5 to complete Wave 4.
If it held and shows bullish pattern off $102, could be a nice entry spot.
Otherwise my goodness it could further dip to Fib 0.5 $96. That will be a really sweet discounted price to enter.
But it looks like there will be a steeper A-B-C downward retracement to Fib 0.5 to complete Wave 4.
If it held and shows bullish pattern off $102, could be a nice entry spot.
Otherwise my goodness it could further dip to Fib 0.5 $96. That will be a really sweet discounted price to enter.
Comment:
After 2 months, it's still holding at $107 resistance very tightly.