Broker Data, page-11

50%?

Where are you placing your Fibonacci lines?

If you draw them from 3.4c, then a 50% retrace would be: 13 - ((13-3.4)*.50) = 8.2c

If you draw it from the bottom of the breakout point (5.2c) a 50% retrace would be: 13 - ((13-5.2)*.50) = 9.1c

I'm looking for the bottom of the breakout candle now at 5.2c.

Best scenario is we see a sharp move down on high volume to get the riff raff out quickly, with a reversal candle that sees price close well off its low. Don't think we'll see that today but maybe this week.