After overshooting the 1-1 by around 10-20bucks, we are getting the relief buyers coming in. I see 3 scenarios playing out right now within the next 12-36 hours. Either that was it for the correction drop, Or it will come down and liquidate more longs . The potential bad news is if it reaches all the way to the 1.618, THAT MEANS WE HAVE JUST STARTED A LONGER TERM DOWNWARD MOVE!!! Be cautious & watch the levels I have identified for the best trade set ups. I will provide a fibonacci time analysis in my next post! GOING TO BE INSANE & ACCURATE AS HELL!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.