Quick short term plot to see what happens here. Price is currently back to the "Impulse" of last wave up. Impulse was caused by buying power, is it still there?
226 is top of Impulse "Core" (.618-.382) 221 is bottom of the Impulse Core. 215 is last stand, only doom below. .
See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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We got a decent bounce from where it "should" have. Now coming back for a retest. Bulls need to hold that 1.236 which is like the outer wall of the Impulse.
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Sorry about lack of update. Bounce going much better than expected will measure the bounce now and see what kind of head room is left, if any.