This is a macro drawing of the pulse.
1) The pulse occurred in a strong downtrend
2) FIBs show retracement levels for the pulse. Notice there is structural support near or at these levels.
3) A Return to .70 will be a return to downward Trend Channel top
4) A .236 is not a good indicator
5) Volumes still support good buying activity.
6) Watch BTC data for early indication of buying
1) The pulse occurred in a strong downtrend
2) FIBs show retracement levels for the pulse. Notice there is structural support near or at these levels.
3) A Return to .70 will be a return to downward Trend Channel top
4) A .236 is not a good indicator
5) Volumes still support good buying activity.
6) Watch BTC data for early indication of buying
Comment:
Very Good Suppor level
Comment:
Very Good Support Level at the .382
Comment:
Next Target 1.40 ish.....Good Morning! Japan!
