If we break current support we can expect..support at $5341 roughly; (.786 Fib retracement from previous bull rally) if we break that we can expect support and bounce at the 1.272 Fib extension per above illustration. If we do Hit the 1.272 we can likely expect a really as in the previous two examples on the chart
Watch the current support level retest, if support holds and we bounce at current support levels this would disqualify our current assumption.
Watch the current support level retest, if support holds and we bounce at current support levels this would disqualify our current assumption.
