Made a spike down but retraced it just as fast and is now going up, for the last time hopefully.
Ideal retracement zone is the 61.8% level but we could see it turn a bit sooner, around 9.039.
As you can see, the 38.2% retracement level has been hit, which is the minimum required.
So, if we see price go down right away, the count still remains a valid one.
If on the other hand we see a new high, we will need to get back to the drawing board.
Ideal retracement zone is the 61.8% level but we could see it turn a bit sooner, around 9.039.
As you can see, the 38.2% retracement level has been hit, which is the minimum required.
So, if we see price go down right away, the count still remains a valid one.
If on the other hand we see a new high, we will need to get back to the drawing board.
Comment:
We got that expected rise in clear 5 waves which stopped at the 78.6% retracement level.
We mgiht just have started the reversal now
We mgiht just have started the reversal now
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