We are in a consolidation at possibly 57.30 for the next several days and possibly weeks. Look for very low volume at one of the Fib levels. As noted, the fib. ratio of the high/low spikes to range is exactly .382:1. I'm seeing a very profitable exit point at the golden ratio of this range. We need to see consolidation for this to happen.
There is a stair-step pattern that is occurring multiple times with each range. You'll notice how the golden ratio and the 2:1 ratio show up on each range stepping up.
jwburnum
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Sharing retracements and Extensions based on the 45 -> 69.59 range. Extensions are predicted using existing retracements of 45, 57.3, and 69.59. Hope this helps.
afvm
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Nice!
Benjamix
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@FilipeValentim, so looking at this I might enter somewhere on or below that recently faithful lower support early next month that's formed over the last few months.. time will tell.