Haven't been in here for a bit. Had a chart request.
From the last analysis the 62.00% Fib held and gave two nice positions (First & second black arrows). The gap never filled as I wanted and ended up filling on the 31st of Aug. That also gave the confirmed break of the 62.00% Fib (third black arrow).
Presently we've had a nice bounce with the real body of Friday's High Wave candle sitting on the 62.00% Fib (4th black arrow). High wave candlesticks represent uncertainty & indecision, so the bulls & the bears have no real consensus on the direction at present. I like it that the 62.00% has come into play again. So I'll be looking for the confirmation on the direction of that uncertainty next week.
Haven't been in here for a bit. Had a chart request. From the...
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