Hi FolksInteresting couple of days ahead as we are at a pivotal...

Hi Folks

Interesting couple of days ahead as we are at a pivotal point. Sorry the chart is cluttered as I have included two FIB's.

The smaller green FIB is the rise from 3.10 to 3.805. The big FIB is purple ( A-wave from 5.41 to 3.10) so far the B-wave bounce reached 3.805 and is 31% retrace upwards (purple) which is close to half way between 23.6-38.2% FIB's and very common. The question is whether the B-wave bounce is complete and its a DCB. That will show up on the green FIB if it falls to 55-61% region to the box labelled DCB.

There is a chance that the B-wave is not yet complete. If the SP rises above 3.805 soon then the larger B-wave can still target the purple 38.2% FIB level close to $4..

A few of days should sort this out either way as such my pivotal point..

I favour the DCB because of the recent Lith prices, but the other chance of a further rise cannot be ignored.

Just my opinion so DYOR

Tomorrows close should show us a signal.

cheers Lies