DislikedAs we know, Geppy has retraced down again after the strong rebound we saw after the last dip. This is a huge between time right now as far as different market views are concerned. Many are undoubtedly assuming this pair will continue to dip and are selling on the spikes. IMHO I believe this is the reason for the current down action. I'm continuing to stand behind the old fib. As we sit now, price is hanging below the inner 38 fib level. I think despite the selling pressure, price will start heading up again soon- it is in reversal territory.
Scotty BIgnored
cheers
"Keep your eyes on the helpers" - Mr. Rogers