ETH SHORT TARGETS. I EXPECT A SMALL BOUNCE ON THE FIRST TARGET AREA. THIS WILL LIKELY GIVE US A RE TEST FROM 4.618 TO 2.618. IF WE CONTINUE TO REJECT THE 2.618 THEN I EXPECT MUCH LOWER THAN THE 4.618 INTO THE SECOND ZONE. THIS IS THE ZONE I WILL BE HEDGING FROM MY SHORTS AND BACK INTO LONGS.
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2.618 has now been tested. Lets see if we continue back down to the 4.618. So far so good!