XTL Biopharmaceuticals Pivoting down. XTLBOr so we believe. Not really basing this one on Elliott Waves - none have yet occurred in the consolidation phase yet. And that is fine. In our experience, provided we are correct in the assertion that the impulse is truly over, we can infer that there is a high chance for a retrace to a level. Inn our experience most retraces get to at least as low as 0.618.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
