Fibonacci retracement 50 previous support acting as resistance
Measured move down from breakout measured to the 0.786 retracement
Conservative target set at 0.618
Expect some slight pullbacks
* Confirming my prior analysis of the head and shoulders neckline break on the Weekly.
Measured move down from breakout measured to the 0.786 retracement
Conservative target set at 0.618
Expect some slight pullbacks
* Confirming my prior analysis of the head and shoulders neckline break on the Weekly.
Comment:
Partial profits taken on the 61.8 retracement level. Watching degree of pullback but still holding for 78.6 level.
