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REEF/USD - Update
A quick update:
I wanted to show everyone that the recent decline is rather normal, as we have still yet to hit the 50% or 61.8% fibonacci levels. What sticks out here, is 3.2 cents, and 2,8 cents.
If we move the retrace up, to start from a higher value, we still have the 3.2 cents area as our 61.8% value, and the 3.45 level as our 50%. So we should drop down past this point, and hit 3.2 cents.
This is a falling wedge pattern, meaning it will likely see a bullish reversal. Keep you posted.
I wanted to show everyone that the recent decline is rather normal, as we have still yet to hit the 50% or 61.8% fibonacci levels. What sticks out here, is 3.2 cents, and 2,8 cents.
If we move the retrace up, to start from a higher value, we still have the 3.2 cents area as our 61.8% value, and the 3.45 level as our 50%. So we should drop down past this point, and hit 3.2 cents.
This is a falling wedge pattern, meaning it will likely see a bullish reversal. Keep you posted.
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