After taking a 2% lost overnight, i went back to the drawing board to look where our correction could go to. i looked for patterns and correlations with our swing high swing low fib extensions and found a descending wedge and a head and shoulders pattern. I took a measured move of both the ascending wedge and the head shoulders pattern and they both line up with the .5 fibonacci level, where we have a very strong support and hopefully it lines up with our weekly RSI support. Thats my target but lets see if 6.8k has anything for us.
hope this analysis helped some of you, good luck and trade safe.
hope this analysis helped some of you, good luck and trade safe.