I've been following this pair movement quite closely today
After dipping below the .786 and not sustaining any price point above .618 it appears we could finally break the current fib study that originated at 118.235
What is very interesting to me are 2 items
- breaking the current fib range means breaking another range with very wide valuations
- the reason for using such a wide fib study is another idea I published of which belongs to an Elliot Wave 3 movement, of which the current activity would use as a retracement source
That study is linked below for not taking
After dipping below the .786 and not sustaining any price point above .618 it appears we could finally break the current fib study that originated at 118.235
What is very interesting to me are 2 items
- breaking the current fib range means breaking another range with very wide valuations
- the reason for using such a wide fib study is another idea I published of which belongs to an Elliot Wave 3 movement, of which the current activity would use as a retracement source
That study is linked below for not taking
and I meant to say breaking the current fib study means break past the long fib .386 which is quite a big thing to do