t10 chart doesnt look great, however it didnt look that great in the beginning of August either.
Beginning of August had a rise and a retrace on declining volumes past 61.8%fib level (H&L prices). We all know what happened after this. Note if you do the fib on closing prices you get a retrace to exactly 61.8%fib then a bounce from there.
Now if you look at the current move, we are also seeing declining volumes to a degree, would be good to have 2m day. On H&L prices the fib level is 16c, it will break this. If you do your fib levels on closing prices you will get 61.8% fib level of 15c.
CVI Price at posting:
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