XAO hit a double top at 3700, that is enough for a big wave. Should see XAO retrace further.
From 21c FCL jumped to 50c, too much. It needs a further drop. Test Fib ratio for retracement levels:
High: 50c Low: 21c
Retracement
23.6% = 43c
38.2% = 39c
50.0% = 35c
61.8% = 32c
78.6% = 27c
100.0% = 21c
If XAO fall further (I think it will) then FCL may hit 35c or lower. Wait and see.I sold @49 yesterday as the chart shows overbought.I maybe wrong. Pls DYOR, good luck.
XAO hit a double top at 3700, that is enough for a big wave....
Add to My Watchlist
What is My Watchlist?