CRON makes a nice impulse bottom forming pattern off the 4.62 level. Five up, following the pattern we were watching and trading. Major support at 4.00, with this making a tasty 1-2, i-ii to trade. Now it's decision time, as we are watching both an ABC correction pattern targeting 7.23 price zone that is around the 38.2% retrace off the 4.62 low to 9.15 high. Above 9.15 would have us looking for a 4-5 continuing pattern off the 4.62 low. RSI and MACD pointing straight down, so a bounce is not far away. We will patiently wait for signs as to what is to come, trading around our core position entered earlier. Sit tight and mellow out my friends!
