current movements still look corrective, doesn't look like it has entered a bearish move.
correction has tested 32.8, would like to see it come down to the trend line at the 50% re tracement zone at around 18c.
if it drops past the 50% fib retracement, it may head down and test the 61.8.
either way, as it stands we are seeing a correction and not a change in direction.
if you're looking to accumulate, there could be some entries within the next couple hours with very tight stops.
upwards potential is growing as this correction expands, will have a better target as we get a clearer picture on how this is playing out.
correction has tested 32.8, would like to see it come down to the trend line at the 50% re tracement zone at around 18c.
if it drops past the 50% fib retracement, it may head down and test the 61.8.
either way, as it stands we are seeing a correction and not a change in direction.
if you're looking to accumulate, there could be some entries within the next couple hours with very tight stops.
upwards potential is growing as this correction expands, will have a better target as we get a clearer picture on how this is playing out.