On the weekly we are able to tell that the current bearish push hit our Fibonacci expansion 127.20%. Going of structure and Fibonacci correlation we are able to predict the rest of the moves to the down side. Where they all will finally end where the original 61.8% retracement meets the trendline.
These predictions are based off the 127.20% expansion and 61.8% retracement.
If you are familiar will Elliott Wave you can see that we are in the middle of a corrective wave.
Also, there is a bearish flag forming.
These predictions are based off the 127.20% expansion and 61.8% retracement.
If you are familiar will Elliott Wave you can see that we are in the middle of a corrective wave.
Also, there is a bearish flag forming.