As we can see, the currency price respond at each level of the fibonacci extensions.
The price is right had already end a 5 wave cycle, the price right now is in the retracement process in a descending triangle structure.
The chance to go downside are considered high, in the same fibonacci logic, because it hasnt touch the fibo levels of the higher degree cycle 23.6 and 38.2
The price is right had already end a 5 wave cycle, the price right now is in the retracement process in a descending triangle structure.
The chance to go downside are considered high, in the same fibonacci logic, because it hasnt touch the fibo levels of the higher degree cycle 23.6 and 38.2
