Posting this one as an analysis because it crystal clearly shows the downtrend is fully intact and
1) fibs lead to 0.886 major / 4.236 local once local w3 hits 2.618
2) the fractal of the first down leg perfectly matches that target
giving a clear 5-3-5 corrective pattern to about $0.03
Note: not expecting the 2nd leg to perfectly follow the fractal and escape the channel, in fact expecting to hit the target quicker
Invalidation: Break + restest of downtrend channel. nutting else
Until invalidation, theres absolutely nothing bullish to see here
Hold my beer pls
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No financial advice, do your own research, don't be stupid
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.