Been looking at aanother pattern over the last 3 weeks. Thought I'd look at fibonacci retracements on the last two pullbacks in this beginning up trend. The last 2 we have pulled back 61.8% before moving back up. Today we traced around 31.8% from our high yesterday. If we retrace like the previous 2 times we're looking at going to around the $1.87 mark before moving back up. I'm thinking though it might be more likely that we retrace 50% to $1.95, this also fills the gap from Monday. Guess we'll have to see.
I not overly familar with fibonacci retracements but thought it might be something to look at.
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