Another perfect bearish 5-0 pattern
I think people are now used to it.
the (C) peak was an aborted breakout (around 127%), and then prices felt miserably down to 161% extension BC. Prices bounce on the D point, 88.6%.
Now we're going to retrace up to 61.8% of CD and expect a rejection around there.
the (C) peak was an aborted breakout (around 127%), and then prices felt miserably down to 161% extension BC. Prices bounce on the D point, 88.6%.
Now we're going to retrace up to 61.8% of CD and expect a rejection around there.
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