50% retracement, page-7

Falling knife, good chart. Yes it is very volatile. From low 1.28 trongly bounced back to 52.5 to form treble top: 53, 53.5 and 52.5 (as you triangle). But it retreats today to low 1.40 =50% Fib retracement. If it cant beat 53.5 then I think the down trend begin, may test 1.28 again, or may retest 53.5H. But it may sideline at around mid 30,hard to guess. If there is no news then chance of down trend is much more than uptrend . I just wait and see what will happen.

Retracements
H 52.5 - L 1.28

23.6% = 46.5
38.2% = 43
50% = 40
61.8% = 37
76.4% = 33.5
100% = 28