-Market has formed the 5th Elliot wave
-Price Action is more likely to respect the 61.8 Fib level
-More confluence is given by the dark cloud cover formation in the recent price action history
-We are more likely to head to a new lower low thus forming the A wave
-Price Action is more likely to respect the 61.8 Fib level
-More confluence is given by the dark cloud cover formation in the recent price action history
-We are more likely to head to a new lower low thus forming the A wave