Just completed a very clean ABCD Pattern and bounced off the 1 Fib. Zoom out and you'll noted that the D was the end of a cup formation.
It seems that it has already dropped to what could be the bottom of the handle and could soon be ready to make another leg up.
The next leg up will test the 1.6 again and could break creating a three drive pattern.
I'd buy 1.76700 or when it breaks the handle/2nd correction of the three drive. Sell around the 1.68 and look for a convincing break of that resistance before re entering with another long.
It seems that it has already dropped to what could be the bottom of the handle and could soon be ready to make another leg up.
The next leg up will test the 1.6 again and could break creating a three drive pattern.
I'd buy 1.76700 or when it breaks the handle/2nd correction of the three drive. Sell around the 1.68 and look for a convincing break of that resistance before re entering with another long.