TF: 8 hr
I'm keeping an eye on price to see if it can test the support line, 0.618 retracement from the last major impulse down, and the extension inside the corrective pattern confluence area.
Price looks like it tested just shy of 1.382 so it may see some sell off here. Either way this looks like a classic corrective pattern and more downside should be coming
I'm keeping an eye on price to see if it can test the support line, 0.618 retracement from the last major impulse down, and the extension inside the corrective pattern confluence area.
Price looks like it tested just shy of 1.382 so it may see some sell off here. Either way this looks like a classic corrective pattern and more downside should be coming