161.8 Fibonacci Extension completed. retrace of ABCD?

25 ก.พ. 2015

Harmonic ABCD has completed. price has rejected 161 level. which is also previous major support / resistance area this has now formed a double top. we now have bearish momentum. and i am expecting a retrace of the AD move. 1st target is 38% and 2nd target is 50%. stop loss is above previous high at 0.7910