JD- a rather long drawn out retracement. A closer analysis revealed a few more possibilities. The most positive and immediate target is a 50% retracement which is also the bottom rail support of the down channel.
Next is the 61.8%, followed by the 76.4%, and then the bottom rail support of the up channel. The final possibility is the target of the HnS which is at about 99% retracement which is still within the rules.
Next is the 61.8%, followed by the 76.4%, and then the bottom rail support of the up channel. The final possibility is the target of the HnS which is at about 99% retracement which is still within the rules.
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The worst possible outcome
