I'm considering the current downtrend to be the correction from 2171.30 to 4093.92 (black Fibs).
61.8% (2905.75) is offering solid support.
Nevertheless, the 100% extension (which occurs more them 70% of the time) sits at 2693.35, which matches the green support zone.
My preffered path for a reversal is shown in the orange arrows - a test of green support, with RSI divergence and a rrecovery above 2900.
61.8% (2905.75) is offering solid support.
Nevertheless, the 100% extension (which occurs more them 70% of the time) sits at 2693.35, which matches the green support zone.
My preffered path for a reversal is shown in the orange arrows - a test of green support, with RSI divergence and a rrecovery above 2900.
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