This time its 0.786 Not 0.618 | Support at $6800
Price action is downtredn with couple of pullbacks from 0.5 Fibonacci. In an overall scenario, Price action will be breaking down the 0.618 Ratio ulitimately reversing rapidly from 0.786. Every wick has its own significance. All the possible AB=CD patterns have been drawn out just to give significance of each Wick or extreme price action.
Tempory Support Level lies between 0.5 and 0.618 retracement.
Overall Support Level lies between 0.786 and 1.0.
Price action's technical parameters supports these levels. As well as, Completed Gartley and Bat patterns gives targets for reversal.
I am very much confident with this analysis.
Tempory Support Level lies between 0.5 and 0.618 retracement.
Overall Support Level lies between 0.786 and 1.0.
Price action's technical parameters supports these levels. As well as, Completed Gartley and Bat patterns gives targets for reversal.
I am very much confident with this analysis.
