On an hourly timeframe, price expanding and contracting in ratios of Phi.
The new pivot is the current low at 32870 level being the the 2/3rd correction of the entire advance from the cycle low. Above this level price should advance, below this level is a sell entry with target back to the origin.
Given that price has advanced back from 32870 level back to 34065, the upper Phi level, caution should be taken as a small correction could ensue from this level before any further advance.
Trade safe, take care, good luck
The new pivot is the current low at 32870 level being the the 2/3rd correction of the entire advance from the cycle low. Above this level price should advance, below this level is a sell entry with target back to the origin.
Given that price has advanced back from 32870 level back to 34065, the upper Phi level, caution should be taken as a small correction could ensue from this level before any further advance.
Trade safe, take care, good luck