Looks like we either stabilize around 0.236 or move to next 0.382
Place your ladders here, last retracement went to 0.236.
I personally believe we will stabilize around here and move into the next wave.
Bullish with Fed sentiment and next round of stimulus around corner.
We have now completed the first wave of the five wave sequence.
We are now in the second wave down trend, look to the fib for this price range to start the third wave.
Two options at play here:
We have found the bottom and this completed first wave is the start of a new cycle.
or
We are still in a correction, and...
