On the near-term daily chart the price has pushed below the 61.8% level of the previous high and low.
A full retracement back to the previous low has a high likelihood of happening.
Will re-evaluate once the 100% level is tested to see if it is time to buy. Probably not as trend momentum still has strength for the bears.
Thoughts?
A full retracement back to the previous low has a high likelihood of happening.
Will re-evaluate once the 100% level is tested to see if it is time to buy. Probably not as trend momentum still has strength for the bears.
Thoughts?