3 reasons to have 263 as target for this run.
-50% fib of 315-211 drop
-1.618 extension of 222-248 move
-Confluence in 3-drivers pattern
We could go higher, but expect at least a solid bounce from these levels.
Also, we could drop to as low as 233 and consolidate for a bit before making another run for it
Breaking below 233 means all bets are off.
GLGT
-50% fib of 315-211 drop
-1.618 extension of 222-248 move
-Confluence in 3-drivers pattern
We could go higher, but expect at least a solid bounce from these levels.
Also, we could drop to as low as 233 and consolidate for a bit before making another run for it
Breaking below 233 means all bets are off.
GLGT