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Basic Fib pullback targets , from the 10.20, I'm looking at the 9.40/30/20 area to hold.
9.50 maybe. Upward pattern, higher lows. 9.00 would look like a big pullback if it happened in this momentum climb. But 9.00 is the 50% Fib in the wave of 7.80 to 10.20.
9.30/9.00/8.70. Today rolled over and established a pullback. Lower low, how low will it pull back. Will be a clue to see where strength holds support in this upwave.
I'm seeing number patterns potential around the 1 dollar moves. 7.80 pivot low becomes 8.80 pivot low.... some day 9.80 develops pivot low, right now 9.80 just displayed resistance roll over.some day will become support. 9.80 becomes 10.80 target.in between the 50 cent pullback targets.... develop as 8.30/9.30... the 10.30 resistance now might become 10.30 pullback support later on... etc, for moves to 10.80/11.30, in this math pattern. I might see a clue by watching 9.30 area develop now, if it does, in the coming days.
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