Weak rebound could confirm bear
Updated
Unfortunately Breaking the Red line was pretty significant, and price has so far failed to recover.
We are likely to bounce up past the two blue lines, but will probably fail and fall back to test 6.2 and break through to go into 5 cents or lower.
We just finished the 3rd test of 6.2 since it first hit after 8 cents. Its highly likely, the next touch will break through.
50% retrace @ 5.5 cents
We are likely to bounce up past the two blue lines, but will probably fail and fall back to test 6.2 and break through to go into 5 cents or lower.
We just finished the 3rd test of 6.2 since it first hit after 8 cents. Its highly likely, the next touch will break through.
50% retrace @ 5.5 cents
Note
Hit the 50% with a strong buy back.... lets see if it can hold
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