Nosebleed on CPG

CPG continue to fall and is now near the 78.6% Fibonacci Retracement level which is around 1.28. Will it hit there? So far we don’t have a bullish reversal candlestick to make us think there will be a reversal at hand. Because of this, the chance of CPG going to the support line is quite high. All Ichimoku elements is in red alert. Would be better if we stay away for awhile and be back when there is a good signal.

Caveat!

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