Update from previous idea:
Been a bumpy few days in the charts, a lot has happened since the last update, we did find good support at the 0.236 later on Thursday night, we then came down and slightly broke it which was an indication straight away that we probably will go lower.
we then tested the previous swing low which did hold, but we seen a quick break down, nearly touching the -0.27 fib just barely missing that level, if you can see though I have drawn an inverse head and shoulders which I hope will play out, I am going to do an updated chart straight after this with a new fib looking at the possible resistance levels on the way back up, I would say my fib is outdated because we have made a new low.
this was just an update of my previous analysis but in 5 mins a new fib and short term update will be up as well
Been a bumpy few days in the charts, a lot has happened since the last update, we did find good support at the 0.236 later on Thursday night, we then came down and slightly broke it which was an indication straight away that we probably will go lower.
we then tested the previous swing low which did hold, but we seen a quick break down, nearly touching the -0.27 fib just barely missing that level, if you can see though I have drawn an inverse head and shoulders which I hope will play out, I am going to do an updated chart straight after this with a new fib looking at the possible resistance levels on the way back up, I would say my fib is outdated because we have made a new low.
this was just an update of my previous analysis but in 5 mins a new fib and short term update will be up as well
