Will it bounce off $107-$108? Or dip to $102?
Diminishing downward momentum. Could see short term bounce off at key level $107-$108.
But it looks like there will be a steeper A-B-C downward retracement to Fib 0.5 to complete Wave 4.
If it held and shows bullish pattern off $102, could be a nice entry spot.
Otherwise my goodness it could further dip to Fib 0.5 $96. That will be a really sweet discounted price to enter.
But it looks like there will be a steeper A-B-C downward retracement to Fib 0.5 to complete Wave 4.
If it held and shows bullish pattern off $102, could be a nice entry spot.
Otherwise my goodness it could further dip to Fib 0.5 $96. That will be a really sweet discounted price to enter.
Note
After 2 months, it's still holding at $107 resistance very tightly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.