Descending trendline is still holding and price has rejected the trendline again (4th time)
Fib drawn from the last bounce of the trendline to the new low created.
This price has rejected this fib at the 61.8 level.
Shooting star to break through the MA's and close below the 0.75750 level. Price could retest 0.75750 and continue to fall.
I'm looking for a new low to be made around the 0.73000 level.
Stops place at the top of the shooting star @ 0.7625
Fib drawn from the last bounce of the trendline to the new low created.
This price has rejected this fib at the 61.8 level.
Shooting star to break through the MA's and close below the 0.75750 level. Price could retest 0.75750 and continue to fall.
I'm looking for a new low to be made around the 0.73000 level.
Stops place at the top of the shooting star @ 0.7625