Price has now dropped to the 61.8 of a weekly fib. This would be a great area for price to bounce from and start the push to the upside targets of 1.3 and 1.48
If the previous higher low gets breached at 0.79 then the last resort is for price to create a double bottom at the 0.65 level before the push up occurs, and if that support doesn't hold 20 cents will be the buy in target without the upper targets getting hit
Basically, the upside and downside targets stay the same for now. Only if the bulls get too weak the upside targets will be removed, and only the buy in at 20 cents will occur
If the previous higher low gets breached at 0.79 then the last resort is for price to create a double bottom at the 0.65 level before the push up occurs, and if that support doesn't hold 20 cents will be the buy in target without the upper targets getting hit
Basically, the upside and downside targets stay the same for now. Only if the bulls get too weak the upside targets will be removed, and only the buy in at 20 cents will occur
