NASX may continue it's drop
The NASX bounced off of FIB Retracement 1.618. If bounce doesn't hold , the next most likely stop will be $4040 for another attempt at a bounce. If I understand this pattern correctly the Butterfly pattern will still be valid as far down as FIB 2.618. If I'm wrong feel free to comment.
I like using multiple Fibonacci Retracements because at different lows because where the Ratios line up usually forms a stronger resistance or support area.
Comments are always welcome.
I like using multiple Fibonacci Retracements because at different lows because where the Ratios line up usually forms a stronger resistance or support area.
Comments are always welcome.
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