Prices are moving towards 50% and 61.8% Fib levels as well as testing the 100 SMA.
If prices rise towards the 61.8% Retracement and hold, expect a strong bearish move to complete ABCD
Prices my also hold at 50% Fib and 100 SMA, however the 61.8 level is the ideal position to short
If prices rise towards the 61.8% Retracement and hold, expect a strong bearish move to complete ABCD
Prices my also hold at 50% Fib and 100 SMA, however the 61.8 level is the ideal position to short
