k. Why would a healthy correction for TGGI be 7/8?
Billions were bought in 1/2 range and a churn recently 3/4. Big money or group(s) helped move this up. They took profit.
Perfect 61.8% fib retrace on the top .0012 (from bottom .0001 run start) would have taken it all the way back to .0005 -- where most of the shares ended up stopping at, and the 76.4% level is .0004, where support was.
That's exactly what happened, too.
If you want to believe in shorting here knock yourself out.
Imo it looked like a institution dumped it's holdings of .0002s and sparked a lemming dump. Many fail to notice the huge buying at the same time panic hit(setting of NEW shadow position)
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