celli119

celli119

We just hit the fib 0.786 level, the correction might be over.

celli119

We're still in the big ABC running flat (the purple one).The B wave perfectly found the top at 123% Fibonacci. Therefore, the C wave must be decomposed as an impulse wave. The 50% retracement level meets perfctly the top of the A wave (the green one). If the support 0.0933 fails, there is a high probability to go back to 0.077 which is a much stronger support.