There's a reason why they didn't take it below 31's today.
From the recent high the ABC corrective set up was maxed out at 1.618fib............and that was 31c the low of the day. If your trying to squeeze ppl out you want to be mindful of how far you squeeze the set up as well not to ruin your own holding and the upside set up.
Look at the 1.618fib extension today.
Baddaboom baddaBANG!!!
MK.
IVZ - Chart, page-520
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