A 61.8% Fibonacci retrace, where a correction ends and the original trend resumes, is common. But a slightly greater 88.6% retrace indicates a “point of no return,” or River Styx, that can still hold to resume the prevailing trend.
A 61.8% Fibonacci retrace, where a correction ends and the original trend resumes, is common. But a slightly greater 88.6% retrace indicates a “point of no return,” or River Styx, that can still hold to resume the prevailing trend.