Mitis There are a few to look out for.
The one I hope holds is the red fork which as CEB has pointed out coincides with the 50mma.
A breach of this we could look to 2 of the previous fibs and lastly the falling trigger which coincides with the 200mma.
Seems likely to breach the red lower tine as its only 2 c lower than the close and with the bar closing out almost on the days low selling is strong. Tis Friday too
Just because we breach the lower tine on the red PF dosent mean it will go to the others.
2 days out of a PF is ok, 3mmm not so good.
The fact that we retraced the previous repeating ranges also adds value to at least pausing around here... Best case would be for a strong bounce off the red lower tine.
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