0.382 FIB at a minimum ($156.16) is very likely. However, we could go down to as low as $127.50 by mid to late September.
BOTTOM LINE: It appears LIKELY we will continue with downward pressure (When looking at LONG TERM ANALYSIS) till mid to late September.
Here's the 4-Day TF: If the Blue LSMA is to continue to the 20% level or lower, we can see downward pressure is likely to continue to mid to late September.
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BOTTOM LINE: It appears LIKELY we will continue with downward pressure (When looking at LONG TERM ANALYSIS) till mid to late September.
Here's the 4-Day TF: If the Blue LSMA is to continue to the 20% level or lower, we can see downward pressure is likely to continue to mid to late September.