Well that possible 3-4 day bounce off 30 did eventually decided...

Well that possible 3-4 day bounce off 30 did eventually decided to show up as per my last Fridays chart. Good, It was a long way down from 45 to 30 without one.. Was not comfortable at the bounce arriving in the 26-28 range, more bearish.

Down FIB from the top of the DCB of 45 to 30 suggests the following size of bounce
* 23,6% FIB = 33.5 already ticked off today
* 38.2% FIB 35.7 came close today at 35.5 so ticked off
* 50% FIB 37.5 still out of reach so far, The halfway FIB between 38-50% is the 44% FIB which is not uncommon at that's at 36.5, so possible.

Firstly , lets see if its the 3-4 day bounce as I suggested.

For those interested, following the B-wave bounce once again getting below 30 suggests the following C-wave downward extention targets.
* 23.6% FIB = 26.5
* 38,2% FIB = 24

All the above is just working off the Downward A-wave from the top off the DCB at 45.

There is another set of FIB's from the top of this boom to 53.5.

DYOR

Lets see what plays out.

cheers Lies