the last pullback on this pair was a 61% fibo retracement. It is since 20 days ago through a channel going downside and it reached the 100% fibo extension level, wich was also an important support and now its having it as a resistance. I think it wants to reach the 161% extension level and break those marked supports to reach its last trendline, make a pullback and continue to go down.
Its not in the chart, but i traced a pitchfork alongside the harmonic and it touch exactly the middle level so its a bigger confirmation
Its not in the chart, but i traced a pitchfork alongside the harmonic and it touch exactly the middle level so its a bigger confirmation
Penafian
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