Right you are bones, your charts did cover it. I'm hoping the 61 fib is the low as well. Price seems to be rejecting it strongly on increased volume. I was discussing this with mitta last week after the two candles on the 9th and 10th as he is a volume trader and uses nothing else on his charts. He was of the opinion that we may be a little too close to the run up in October and all that volume and may need a bit more time to absorb the move. I mentioned to totters on the weekend that if support didn't hold here I thought we may be in wave C of an ABC correction but this could be down or sideways. Please read the disclaimer at the bottom of the page on that note as it is pure speculation on my part.
Cheers
Rhodes
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