It looks like price has reached it's current fib extension.
It could continue to travel lower, however, I believe we may see a pullback and then a short.
I anticipate two scenarios, one for a ~700 pip sell, the other for a little shorter, to the 38.2 fib level before we see a move back up.
It could continue to travel lower, however, I believe we may see a pullback and then a short.
I anticipate two scenarios, one for a ~700 pip sell, the other for a little shorter, to the 38.2 fib level before we see a move back up.