Hi, So as we can see, price has reacted to our 241.4 fib and retraced lower to 261.8 . if we will break 261.8 our target is as shown on the image.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Komen:
After breaking our support at 261.8 fib, the market is retesting it as resistance, target will be reached soon, only break of 146.1 resistance would cancel bearish scenario.