hi fellow gardeners, lets first see where we are with our favorite thorny little flower :
as you can see, we hit the 1st, 2nd and 3th target of that inital move , reaching up to 0.60 dollars, not bad!
and then a 53% drop from our all time high directly to the golden zone of the 3 wave up which brought us to 0.30 dollar vicinity:
well, that was the easy part, all following the most obvious move. hope you all shared some of the benefit and didnt get greedy as the things will not stay this easy for long time ;)
the most obvious move from here could be like this , hitting the golden zone of the 53% drop at 0.44-0.46 ish:
lets zoom abit to see more, if there is anything to see!
seems like there is alot we didnt see in our daily view, starting with the obvious bearish RSI divergence forming as we zig zag the .30-0.37 cents zone, which could potentially change our next obvious target mentioned above.
so.....abit lost, huh ? lets get more details!
in the last 3 wave up move , the 0.887 (last defence) of the previous mini fall and the parallel of our fork worked together to send the price back to golden zone of the created fib :
and the obvious bounce up from that zone followed, leading to the high probablity zone marked by presence of -0.236 of the last bullish fib (which we bounced up in its golden zone) , median of the last fork, and the 0.382 of the major fall before that.
if we add the recent fib from our last glden zone bounce to where we are, we get a conditional confirmation of this zone :
which means , IF this move is done as it is, then our 2nd target (-0.618) falls on the zone we marked previously too. but this also means a correction is needed before all this can happen.
a correction which should probably happen in the golden zone of this fib, and abit lower ( as rose always likes to tease us abit and pass targets to see if stay loyal to our goals!)
presence of median parallels of last small and big fork might add to the importance of this zone
for the time being, the most logical move could consist of selling roses on the way back down to there and keep listening for new hints.
OR we get crazy and set our buy targets and hope the eternal bounce from golden zone to target continues( which could, who knows anyway! )
and always keeping an eye on bitty not to ruin the party!
keeping in mind that the total correction leading to the golden zone of total rise is not hit yet!
yes, the scene does not appear favorable for that move to happen NOW, but things can change fast, and what is due, is due!
personally i think the limbo is not over and we can have some few more rounds before going anywhere from this zig zag zone, which is mostly welcome as we can add to our bags just riding the mini moves.if so, we might stay in this red triangle for abit before moving out :
my upper(0.37ish and 0.44-0.46) and lower targets(0.10-0.12) stay as mentioned above, with the mini corrective target(0.32ish) in between.
wishing you all a day full of roses, if you can handle the thornes ;)
not a financial advice OBVIOUSLY!
and pass the wink to your left as always!
and then a 53% drop from our all time high directly to the golden zone of the 3 wave up which brought us to 0.30 dollar vicinity:
well, that was the easy part, all following the most obvious move. hope you all shared some of the benefit and didnt get greedy as the things will not stay this easy for long time ;)
the most obvious move from here could be like this , hitting the golden zone of the 53% drop at 0.44-0.46 ish:
lets zoom abit to see more, if there is anything to see!
so.....abit lost, huh ? lets get more details!
in the last 3 wave up move , the 0.887 (last defence) of the previous mini fall and the parallel of our fork worked together to send the price back to golden zone of the created fib :
if we add the recent fib from our last glden zone bounce to where we are, we get a conditional confirmation of this zone :
a correction which should probably happen in the golden zone of this fib, and abit lower ( as rose always likes to tease us abit and pass targets to see if stay loyal to our goals!)
for the time being, the most logical move could consist of selling roses on the way back down to there and keep listening for new hints.
OR we get crazy and set our buy targets and hope the eternal bounce from golden zone to target continues( which could, who knows anyway! )
and always keeping an eye on bitty not to ruin the party!
keeping in mind that the total correction leading to the golden zone of total rise is not hit yet!
personally i think the limbo is not over and we can have some few more rounds before going anywhere from this zig zag zone, which is mostly welcome as we can add to our bags just riding the mini moves.if so, we might stay in this red triangle for abit before moving out :
my upper(0.37ish and 0.44-0.46) and lower targets(0.10-0.12) stay as mentioned above, with the mini corrective target(0.32ish) in between.
wishing you all a day full of roses, if you can handle the thornes ;)
not a financial advice OBVIOUSLY!
and pass the wink to your left as always!
Comment:
so fast! we hit the first mini golden zone, lets see if we get a proper bounce to our higher target