So we've hit the 34 week WMA targets. Yet to break $9,000 big even. But volume and action signals weak support (no significant rush back in or strong bounce). Seems to me lower lows will be tested... Any insights @srezz what the next train stop is?
It's the 0.618 Fibonacci retracement level of the the entire move from the low on the 11th of Jan. 2015 to the all time high on the 17th of December 2017 ( from $163 to $19704 in my data feed).
So we've hit the 34 week WMA targets. Yet to break $9,000 big even. But volume and action signals weak support (no significant rush back in or strong bounce). Seems to me lower lows will be tested... Any insights @srezz what the next train stop is?
We would need to consolidate today's losses. Then the next stop is $7660 +/- $50 depending on the data feed.
Hey @srezz , which support level indicates 7660?
It's the 0.618 Fibonacci retracement level of the the entire move from the low on the 11th of Jan. 2015 to the all time high on the 17th of December 2017 ( from $163 to $19704 in my data feed).
Thanks :)