Ozzie has continued unabated in it’s run down and bounced on the S7. However, you can see their was weakness in the short retracement since it could not even fulfill the .382 retracement of the leg from .9012 – .8402. Big exhaustion wick here gives a clue that the lower targets will still get taken out. Targets are the .618 Fib extension @ .8367 the confluence of 2 fibos extensions @ .8277 and the Day chart support @ .8221. We may see consolidation here so watch for that since this trend is unsustainable.
