Previously wave 1's fibs retracement range was around the 0.382 mark, we can expect a much larger retracement for wave 3.
Using previous ranges and the fibonacci retracement from the low of wave 2 up to the high of wave 3 the retracement most likely will hit the 0.5 mark or drop further down to the 0.618 fibs.
Using previous ranges and the fibonacci retracement from the low of wave 2 up to the high of wave 3 the retracement most likely will hit the 0.5 mark or drop further down to the 0.618 fibs.