rottnpicks

rottnpicks Updated 

If you are a technical wave or Fibonacci trader. you would understand the extension levels. wave 1/2 are obvious here in yellow, but as you can see our extension tool has taken us to the 4.236 extension level/ based on the wave 1/2 this is considered over extended and a hard fall to the .786 retracement is likely... Moderator learn your extension levels.

rottnpicks

this structure from a technical point of view is massively over extended meaning a hard fall to the 786 or lower fibonnaci.