Great post as always. I had a couple of questions. Now that the w5 has broken below the 21ema on the daily, does it have to re-test it on it's way back through to validate it as it did during the first run up?
Also, how do you justify your lower bounds for bouncing off Fib retracement points? Does this still count as a bounce or do we need to retest again to find support at 24.5c. At what point would we have had to "start again"? When looking at fib bounces are you focusing on just candles or does the w5 come into it too?
Cheers!
IMUGENE CHART. TA only, page-18121
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