potential reversal zone 0.7771-0.7759 for continuing downside pressure.
Based on:
1. retest of previous weekly support!!!
2. people take some first profits at the 0.382 retracement of a daily bullish butterfly. (I know i would take off some profits)
3. 0.618% retracement of an intermediate move down. (point C of a potential AB=CD down?)
4. 1.113% extension of a bearish shark 1H timeframe in green.
5. 0.886% retracement of a bearish bat 4H in blue
6. the inverted 200% extension of leg BC of the bearish bat 4H in blue
Based on:
1. retest of previous weekly support!!!
2. people take some first profits at the 0.382 retracement of a daily bullish butterfly. (I know i would take off some profits)
3. 0.618% retracement of an intermediate move down. (point C of a potential AB=CD down?)
4. 1.113% extension of a bearish shark 1H timeframe in green.
5. 0.886% retracement of a bearish bat 4H in blue
6. the inverted 200% extension of leg BC of the bearish bat 4H in blue