But after every correction, there's money to be made. This opportunity lies in front of us and can be very favorable for some of us. It seems that the market is done selling and will look to form higher swing highs.
Price is moving between the longer term lines. And at the moment, the price is nearing the middle support line.
The descending we broke at the beginning of October, has to hold the price. The ascending has to support as well.
Furthermore, price has fallen in the 0.618 - 0.786 Fibonacci zone.
We expect to see the price hold around this zone and turn back to the 25 cent area.