nice bounce. now for the dump??
we put in a very nice bounce off of the 0.382 fib but did not continue to put in higher highs, that indicated to me that the bulls have their brakes on. and bears are out to play. We did in fact retest a key price level indicating another move down to the 0.5 fib levels. i will be keeping an eye out for a reversal or a bear market continuation at the 0.5 fib retrace level on that daily chart
Note
edit!!! i meant the 0.618 fib level
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