Price is consolidating in the area between the 38% and the 618% fib extension of the 3rd wave up. This is to be expected before the next move higher. In a bearish sign, price closed below the yellow 50 day Bollinger Band's outer band. If price does not quickly climb past the that line, I would expect a bigger selloff, down to at least the midline of the BB.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
If you like this post, please click the Like button, tell your friends, and re-Tweet!
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
