re: in the buy zone, ridgy Do u know why it gapped down so much...

re: in the buy zone, ridgy

Do u know why it gapped down so much around the 2.30 -2.00 level ?
Looks like an obvious target initially but consider the below .

I reckon a good bet will be to see if the same pattern exists that happened from last major low of 1.70 .

It did a fib retrace on its first up leg if u consider 1.70 - 2.24 ish then back to 1.90 .

so fair chance from low of 1.31 to high of 1.87 [which is same as above 0.54c] by 61.8 gives us a target for support at 1.53 .

If u can't see it give me an email and I'll draw it up for u tonight .

PLease don't be sweighed by my thoughts though as I could be wrong .

ge