In my Previous Post, I said Price could Push higher from the 50% fib zone. Having Re-visited the charts, I have now identified an Ascending Triangle and Price has pushed below, retested, and now continues to fall. We could see a Gap appear at the Open after the weekend with Price potentially pushing as low as $99.
As you can see from the Chart, The Price looks like it could crash. Facebook has identified the exact same triangle pattern which indicates the markets are starting to show the strain from the pandemic. This explains the rush of the vaccination program and road map out of lockdown around the world, as markets start to take the toll. Either Government's grow money from thin air and borrow from each other to help boost the economy or we are looking at the worlds worst Market crash, recession and Depression in one hit leading to a NEW DIGITAL ECONOMY. GUESS WHAT? Its Time!