Buying remains strong and consistent over the 1.61 level. Recently we’ve broken over the area I’d expect to see hold in a false breakout of 1.61.
This strongly tilts the bias towards the other fibs. Either somewhere very near (Often not quite hitting) 2.20 fib and it can also easily extend through the 2.61 if that breaks.
The move to the 2.61 would repre…
Keep reading with a 7-day free trial
Subscribe to Market Forecasts and Trade Plans to keep reading this post and get 7 days of free access to the full post archives.