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The most obvious place to draw a support line since the rally to...

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    lightbulb Created with Sketch. 1833
    The most obvious place to draw a support line since the rally to 1.49 is around 1.21 to 1.23, which is being tested again now, and has been tested multiple times. Hasn't broken. We got a close at 1.22 last week though.

    I'm not sure why anybody would keep writing "the support has broken!!!" without at least posting a chart.

    Btw 1.23 is also the 0.618 (fib) of the leg from 0.785 to 1.49

    Here we go into the long-term GMMA, and imo should bounce

    https://hotcopper.com.au/data/attachments/6195/6195757-d562c6c0023a44de65c342b7dc9c04c7.jpg

    Last edited by dtab: 24/05/24
 
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