The chart shows the four leg-down with their retracements. In the first retracement is labelled the bull trap it occurred when the price exceeded the 0.618% The current leg-down is still developing
ความคิดเห็น
⋅
Using the tool Trend-Based Fib Extension to project the end point of the current leg down two possible points appears (labelled with a green flag) 0.618% 5889,5 0.786% 5178
ความคิดเห็น
⋅
Descending Triangle And key levels in the short term S/R (green line/red line)
ความคิดเห็น
⋅
The price is testing the triangle's base for third time
ความคิดเห็น
⋅
600k is holding, for now, but every test makes weaker the support
ความคิดเห็น
⋅
The support ($6000) still holding
ความคิดเห็น
⋅
Commented on August 9th. Using the tool Trend-Based Fib Extension to project the end point of the current leg down two possible points appears (labelled with a green flag) 0.618% 5889,5 0.786% 5178