WOO / WooTrade clear downtrend
Posting this one as an analysis because it crystal clearly shows the downtrend is fully intact and
1) fibs lead to 0.886 major / 4.236 local once local w3 hits 2.618
2) the fractal of the first down leg perfectly matches that target
giving a clear 5-3-5 corrective pattern to about $0.03
Note: not expecting the 2nd leg to perfectly follow the fractal and escape the channel, in fact expecting to hit the target quicker
Invalidation: Break + restest of downtrend channel. nutting else
Until invalidation, theres absolutely nothing bullish to see here
Hold my beer pls
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No financial advice, do your own research, don't be stupid
