Shout out to GJ for recommending an option 4, so here it is...
First, I want to mention that I DO NOT follow anyone else when it comes to Technical Analysis, and my targets are my own! Thanks to all of you who follow me, and a special thanks to all those that comment, if people don't comment and interact, then I begin to wonder if I am truly helping or should I just drift off on my own and do my own thing.. so, thanks for you feedback and likes! I really appreciate it!
I have (2) Fractals that I am following, and we are approaching an area here, where they begin to differ. 1st Fractal suggests price drops back and hits the "back-test" area that I posted on the previous chart. The 2nd Fractal does exactly what I am proposing on this chart...so, we will see which one prevails.
This bear channel should be familiar to those that follow me, since I have posted it in the past! "IF" price can maintain above $0.43 cents, then I believe it could stretch to the upper channel line, and then look to correct back down to
that area for support...once it maintains support, then it could get very interesting next week, and potentially "BUST" out of the bear channel, and pursue the proposed target. If it does this, I will be very interested to see how it handles that target - 1) Will it begin to correct? 2) Will it break right through? Very interesting!
The Bears are getting "punted" in the nuts here, and it could get even worse! Those looking for a "gap-fill" might have to wait a bit longer, or chase the price as it keeps rocketing higher. What a bummer! That's NOT what you want to do as a trader!
Here's where the "wanna-bees" start plagiarizing my targets!
Let's GO!!!
First, I want to mention that I DO NOT follow anyone else when it comes to Technical Analysis, and my targets are my own! Thanks to all of you who follow me, and a special thanks to all those that comment, if people don't comment and interact, then I begin to wonder if I am truly helping or should I just drift off on my own and do my own thing.. so, thanks for you feedback and likes! I really appreciate it!
I have (2) Fractals that I am following, and we are approaching an area here, where they begin to differ. 1st Fractal suggests price drops back and hits the "back-test" area that I posted on the previous chart. The 2nd Fractal does exactly what I am proposing on this chart...so, we will see which one prevails.
This bear channel should be familiar to those that follow me, since I have posted it in the past! "IF" price can maintain above $0.43 cents, then I believe it could stretch to the upper channel line, and then look to correct back down to
that area for support...once it maintains support, then it could get very interesting next week, and potentially "BUST" out of the bear channel, and pursue the proposed target. If it does this, I will be very interested to see how it handles that target - 1) Will it begin to correct? 2) Will it break right through? Very interesting!
The Bears are getting "punted" in the nuts here, and it could get even worse! Those looking for a "gap-fill" might have to wait a bit longer, or chase the price as it keeps rocketing higher. What a bummer! That's NOT what you want to do as a trader!
Here's where the "wanna-bees" start plagiarizing my targets!
Let's GO!!!
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