Hi Folks
Following todays low of 4.19 I thought if was time to update my FIB's post of the 11th Sep. I am not surprised how things have played out.
4.27- 4.33 offered no support. With a drop in 5 TD's from a high of 4.60 to 4.19 I am sort of expecting a bounce soonish. DCB ?
Notice the big FIB A-wave 3.36-5.43 (purple) has retraced so far down to half is between a 50-61.8% retracement. That A-wave is broken.
Seems we are setting up a potential target area of 3.80-4.10 for the next significant low.
We shall see?
Just the way I deal with the markets so that I am not surprised by what plays out, as always DYOR.
cheers Lies
Hi FolksFollowing todays low of 4.19 I thought if was time to...
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