As i expected last Friday ( see previous post) price ran out of energy & has reversed/corrected (after a steep rise) on the upper median line parallel at the confluence point of the reaction line and now follows the reaction line downward. At the time of writing price is bang on the 23.6% Fib retracement but we may see a small rally first as price has just touched the reaction line and may find support there.If price goes lower next target is to take out 1144.00$ area on the downside which is not far from the centre line.
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