Drew a Fib fan on it a minute ago and it looks to have done an all but perfect 618 retrace. Now its starting back up.
382 is at .0016. If it gets past that, it may very well launch. Or it could do a touch of the 382 and pull back to the 786, doing a nice gartley butterfly before launching. 786 is .0008. I'd be very surprised to see a gartly out of it. I don't see it ever coming back down to the 786. thats my read.
Its proly a symetrical ABC. The A leg was a .002 sized move. So, if its a symetrical ABC up, then thats pointing to a target of .0031, approximately.
We'll see.
Now.... where is that news we are all waiting for?
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