We utilize 3 Fib expansions in a XABCD pattern:
- First of all, we got a XABCD pattern with the D leg completed at the max levels of the last week. (0.7990)
This give us an indication that the market is about to go retest a new resistance level below the.
- Second, for the AB leg, we have the 1.272 Expansion being the actual consolidation level of the...