YFI breaks trend support after completion of H&S shoulder which was published in my previous setup for YFI.
Purple line at 18,8000 marks strong horizontal support.
Now looking at projections using only fib retracements.
Previously when we touched support / 0 fib level we saw a retracement back to the 50% fib level (purple dotted line). Up trend took about 6 days.
Mapping out a projection of possible retracement back to the 50% fib level (purple dotted line). We can except to hopefully see it within 6 days or sooner.
Setup will be reversed if we close below critical horizontal support at 18,000.
Previous Setup:
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Purple line at 18,8000 marks strong horizontal support.
Now looking at projections using only fib retracements.
Previously when we touched support / 0 fib level we saw a retracement back to the 50% fib level (purple dotted line). Up trend took about 6 days.
Mapping out a projection of possible retracement back to the 50% fib level (purple dotted line). We can except to hopefully see it within 6 days or sooner.
Setup will be reversed if we close below critical horizontal support at 18,000.
Previous Setup:
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đ Happy Holidays! đ
