G'day,
I think we are witnessing a bottom testing day today, this time the 138% fib point.
My gut feel is that at this moment nervous traders are selling into accumulators.
It is always painful on days like this when depth seems small, but it is all part of the process as the tree gets shaken on hte way up.
I feel there is immense support in the current area.
Even if it was to fall a bit more, it will bounce back up above this zone.
Have a nice day
