says wave 4 cannot retrace into the high of wave one, so if our count is correct, we have a nice tight stop of $.15 to $.20 and we can reevaluate.
People complain about this stock, but IMO it is acting just like it should according to both and XABCD/Harmonic and fib traders.
When that happens, you have to count again, and see if something else sticks out, or that has been revealed now that a rule has been broken. Below is my alternate count. I still beleive price is headed back up, and that we saw it complete a correction move wave 2 of larger degree and are beginning wave 3 back up. Here's the count -
Finally, there is short term support and a bullish engulfing has just completed. I think we are going back up. Despite the moans and groans of "tip watchers"
Scott Carney - "we take our signals from the market" Steve Nison - "we can't predict what the market will do, we can only act on what the market is telling us."