- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- First TP at 0.618 (Fibonacci from D-A)
- Second TP at 0.382 (Fibonacci from D-A)
- Third TP would be back to where it all started
At this point I expect some type of minor consolidation for bearish continuation.
Good Trading. - 1h Chart
At this point I expect price to retest one of the TP or else we'll re analyze for further movement.
Good Trading. -1h Chart