We have had a Double top form on the most recent high so my view here is that we will start to see a retracement.
Possible outcomes:
We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up
or
A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed by some as invalid but this could see a drop down to the 786 area which was a area we previous found support and had a rise from
or
I could jsut be wrong and it sees a slight pull back before continuing upwards
Possible outcomes:
We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up
or
A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed by some as invalid but this could see a drop down to the 786 area which was a area we previous found support and had a rise from
or
I could jsut be wrong and it sees a slight pull back before continuing upwards