The previous bullish trend seems to be a temporary retracement. Market is now back i its normal bearish movement, returning back down to its normal position.
The last 3-4 candle sticks have broken past the counter trend line to indicate that the market is going to keep pulling short.
Projection to hit the 61.80% fib line and to carry on moving down to 78.60%.
The last 3-4 candle sticks have broken past the counter trend line to indicate that the market is going to keep pulling short.
Projection to hit the 61.80% fib line and to carry on moving down to 78.60%.