As noted in previous video publication; we have a LOT of support at the price point we just came down to. Which is very near my purple 128-MA in the Weekly. This chart is the 3-Day. So, pay no mind to the purple 128-MA in the 3-Day. It has more relevance in the Weekly.
LIVE Stream will be conducted later today after my conference call and a bite to eat. I'll post a link to the LIVE Stream here in comments in a couple of hours.
Happy Trading!
David
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Simply showing the current FIB RT (Re-Trace) to the 0.5 FIB RT set for "log" scale on this log scale chart.
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A look at my "Over-All" PRIMARY FIB with $2.22 as the 0.0 FIB coordinate and $9,948.98 as my 1.0 FIB coordinate.
We're not out of the woods just yet but it's very possible this could come to a head this weekend and see reversal during the weekend or in the wee hours of the morning Monday.
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IMPORTANT: "Reversal to Upward Pressure This Weekend May Only Be Brief."
I had predicted the sinking well before.
The following diagrams show what I said.