The CMO has crossed below its 9-day moving average. This is a bearish sign. Test Fib retracement.
Fibonacci Calculator
High: 10.5 Low: 5.8
Retracement
23.6% = 9.3 (done)
38.2% = 8.8 (done)
50.0% = 8.2 (nearly done, today low 8.3 is just 0.1 different!)
61.8% = 7.5 will be
78.6% = 6.8?
100.0% = 5.8 (not possible??)
This base on chart and Fib levels only, can be right and WRONG. Pls DYOR. Good luck
