274 9
So target for the three drive to a bottom is.....
Looks like there is a confluence of fib around 2.21 and comes in handy with the 200 ma on daily and the structural resistance zone .
I will be looking for a shallow retrace of 23.6 or max 38.2 fib for going bullish again heading for ma200. That will probably be coming in around 2.57 at that time.
I will be following the price of gold as well for confirmation on further upmove.

At 2.57 price action will stop and retrace - creating a possible neckline. Price then probably makes retrace to ma100. Price action could then be setting up a possible IHS .
BUT first things first ;)
Music at work:

But as always.... time will show
Safe trading ladies and gents!
We got a zig zag pull back to day. :)
2.10 might be all we see for a wave 4 retrace before 2.57 neckline.
Still very early to tell for sure. Wave 4 could also be morphing into a pennant no sign of that yet.
Watch price of gold for clues. Have taken a hit to ...1260 still key.
$2.24 close, up 7th day in a row, hasnt happened in 3-4 years fyi. My buddy is 37k shares short of 1.5 million shares of this. (Long term holder)
WallStScalper MicroCapEquity
Well... he should have earn a little bit by then now. :)
Seems like... we are.... at fib 0.236 fib retrace
WallStScalper WallStScalper
Gold need to take out 1260... full stop. No more no less and gold have taken a hit today so I see TRX having some headWIND and a retrace could therefor be straight ahead (Tommorrow the erliest)
Well all of this depends on the price of gold, if gold breaks above $1300, then TRX will exceed $3, if Gold breaks $1400, then TRX will break $4.
WallStScalper MicroCapEquity
Yes I fully agree! The price of gold is the key!
In an bullish EW-count I do see gold go above 1400. But if we see a pennant as the fourth wave before a final firth or a flat before further upmove ....hmmm.
It will take a lot of time and goldminers will be hesitating in going higher too
So!.... The IHS is pure speculative and much to early to be looking for.
But first things first.... only if and if...but time will show:
WallStScalper WallStScalper
A funny coincidence ....having a gap at 3.42 - 3.51... If above chart pan out.The target of the speculative IHS shown could be closing the gap... But time will show...always.
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