Falling wedge + critical fib retracement level, hope for bounce

5 feb 2018

Both in the chart and in the RSI we've got a falling wedge which are now both leaning on an old resistance level, so it should be a firm support right now. Also, a critical fibonacci level is reached in the fourth elliot wave (which i haven't drawn down because it would become a messy chart). I'm hoping for a bounce to the .618 fibonacci extension - starting today. If it falls below support, i will close the last 20% of the position that i'm still holding.