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3. Fibonacci price target (extention) from previous swing terminates many times at the 127.2 or 161.8 level. The 127.2 level is 163.20. The price already touched 163.08.
4 Fibonacci support (extentions and projections) are close to the mean of the 11 day channel at the 161.29 and 161.08 levels (1 hour chart).
So you said the price might go down to the 161 level if the hidden divergence plays out - it's a good thing because it shows the underlying strength of the move up.
Have a good week and don't forget the Summer Bank Holiday in the UK tomorrow!
JD
3. Fibonacci price target (extention) from previous swing terminates many times at the 127.2 or 161.8 level. The 127.2 level is 163.20. The price already touched 163.08.
4 Fibonacci support (extentions and projections) are close to the mean of the 11 day channel at the 161.29 and 161.08 levels (1 hour chart).
So you said the price might go down to the 161 level if the hidden divergence plays out - it's a good thing because it shows the underlying strength of the move up.
Have a good week and don't forget the Summer Bank Holiday in the UK tomorrow!
JD