The next coupe of weeks will tell the story for the rest of the year.
Solid bounce and 3 waves putting in a marked low. The correction/pullback here will tell the story.
Fib retace support 50% & 61.8% along with trendline and most likely 50dma will come close to lining up soon.
If these hold it will be up for few more months and potentially build a nice base to move higher.
If the 90.5 - 91 area doesn't hold in April watch out below and new lows will be coming.
Solid bounce and 3 waves putting in a marked low. The correction/pullback here will tell the story.
Fib retace support 50% & 61.8% along with trendline and most likely 50dma will come close to lining up soon.
If these hold it will be up for few more months and potentially build a nice base to move higher.
If the 90.5 - 91 area doesn't hold in April watch out below and new lows will be coming.