Downward Pressure Likely Till February 12th to February 26th...
...Before we see a reversal to "significant" upside pressure.
Downward pressure to continue for the next 24 to 36 hours. Expecting the price action to come down to my FIB at $3,287.37 and bounce around on that FIB for a while (going sideways) then may go down one more time to around $3,169.70 in mid to late February before we finally see a significant move to upside pressure. However, do NOT assume that reversal to upside pressure will be our move to the "moon." I believe it will only be a "Simple Rally" up to the Preliminary Support level around the $4,250 price point before coming back down to test support once again.
Downward pressure to continue for the next 24 to 36 hours. Expecting the price action to come down to my FIB at $3,287.37 and bounce around on that FIB for a while (going sideways) then may go down one more time to around $3,169.70 in mid to late February before we finally see a significant move to upside pressure. However, do NOT assume that reversal to upside pressure will be our move to the "moon." I believe it will only be a "Simple Rally" up to the Preliminary Support level around the $4,250 price point before coming back down to test support once again.
