Retrace of .5 fib has completed, but at this point I am remaining neutral to see if there will be more pressure down towards the next fib. The Gann fans, in my opinion, are still in what I refer to "no mans land."
I am conservative; perhaps to a fault, but that is my style.
Good luck. If anyone sees this view, please feel free to disagree and post opposing...
The levels and fans are on the chart. The .5 level is certainly key, and I believe the supp/res fans are clear as well. At this moment, I am curious to see how price reacts at the .618 level. It has been a popular area.
It is my opinion that there is currently more pressure to the downside, but will wait for more confirmation.
