Pettkin also retreated against the JPY but found some support at 61.8% Fibonacci retracement and formed a hammer. The size but the size is still low, and you can certainly see that there is a lot of size on negative candles. For this reason, I expect this progress to fail, and I am not convinced until we break above the 1.5 million level at least. Until then, I need to see the size in order to enter the top. On the other hand, if we break below 1m yen, the market is likely to break down to 300,000 yen, erasing last year's gains, which of course was ahead of itself. In any case, I expect that a lot of mania surrounding the good will die before our eyes. The majority of individual traders who entered the market during peak mania have already lost about 45%.
@zer0hedge