Strong downward momentum, but need to breathe a bit ;)
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Besides...
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Bounced at 1.618 ext more than 1.5 %. That's about an annual return in a bank of savings deposits. To keep things in perspective. Lol.
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Oh, we arent done yet. Just taking a break at the middle. We are going further up.
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price made sort of double bottom. That can make the bounce higher than first anticipated.
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Breaking downtrend-line is hard, but all consolidation happens above the 1.618 level so far. Washout-spike with reversal.
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Yes, taking time to bottom is meaningless, but unfortunately how markets work.
However, I still think this is just a bounce, and we will see lower levels eventually.
However, I still think this is just a bounce, and we will see lower levels eventually.
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3.065 is what I want to see on this bounce as minimum.