If we can get a green weekly candle close on the HA candlesticks between the .618 and .886 then i will expect that we will run up to test resistance once more and if broken we will see quite a run up.
But if we just break down through all of our fib levels without showing and hint of bullishness on the weekly then we will likely crash down all the way to our old support level at 14 dollars, So look out for any bullish weekly candle closes on the HA sticks for a long entry and look out for a break below the $22-$21 area for a bearish move all the way down to 14 dollars.
Nice cup n handle... seems we are almost there. I wonder how all those reverse repo stuff will help us get there, or harm us...
RizeSenpai
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@catzineco, Yea it's been awhile i'm waiting for a bullish candle close on the HA candles between the .618 and .786 retrace before i take an entry but so far we have had 9 bearish weeks in a row and we are nearing the .886. If we bearishly vclose below the 886 then we will likely see the bearish scenario play out all the way down to the 1.618 fib extension down at 14 dollars.