Big lack of demand. Dying volume. Increased volume upon breakdown. Fibonacci retracement levels based upon height of 2020 alternative energy rally. 50% pullback is reasonable to see.
@justinmitchelltech I think your spot on, my own analysis puts the "bottom" at my .382 line "filling some gaps in the timeline at $76.08 Thats almost exactly a 50% pullback... I just didn't think this pullback would be across the entire sector... Mind Blowing! There was another gap at $64.50, but it looks like it was filled last November so I don't see it falling to my .236 line. It will be interesting to see when this settles..
@justinmitchelltech, defo , today was the womp day down , we got whole week yet 😇 and cash reserve 😎
DirtLock1
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@justinmitchelltech@mralexsell looks like we have reached the “official” 50% pullback. The price has definitely been leveling out for some time now. Moment of truth... Fingers crossed 🤞🏽
GustavoK
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You are thinking to start buying between $80-$75, isn´t that right?
justinmitchelltech
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@GustavoK, Merely spectating. No investment advice, here.
duplonk
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Looks like a textbook triple top reversal pattern right there, on that basis, I think the 90$ is the entry for me too.