yeh, I've seen this to but when combined with other support levels, its used as a trigger to activate stop losses. They look at the fib levels and attack them, hence you get the bounce on the false break. Thats what I'm looking at. If buy supply fails then its not an attack but something more profound, hence the next level at .22.
My gut says that its a false break and that we will get a small recovery before stalling waiting on numbers.
yeh, I've seen this to but when combined with other support...
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