Hello Traders
In the last time I posted, I expected a 61.8% retracement of the Fibonacci rate between $43,200 and $52,500.
However, as wave A lengthened, the location of wave B was unclear, resulting in a rebound below the expected point.
The rebound does not mean that it has returned to a bull market. So even if you buy, you still need to take profits in the Fibonacci ratio areas above.
Stop loss is essential when lowering the previous low.
Good Luck!
In the last time I posted, I expected a 61.8% retracement of the Fibonacci rate between $43,200 and $52,500.
However, as wave A lengthened, the location of wave B was unclear, resulting in a rebound below the expected point.
The rebound does not mean that it has returned to a bull market. So even if you buy, you still need to take profits in the Fibonacci ratio areas above.
Stop loss is essential when lowering the previous low.
Good Luck!
