Due to the fact that price was in delay mode, I did not find much value in posting, and I mentioned that I would wait for further price confirmation. So, we have reached my range for $.17-$.19 cents (it could still drop to $.17), and this is where we will begin to see how the market will end this long and overdue correction.
Will price reverse higher from this range or simply drop lower? So, as I see it, if price can reverse from this range, then this option would certainly be on the table, as well as our fractal pattern that we have been tracking...there is evidence mounting that it could reverse here!! If it cannot, then we can expect the WXYXZ pattern would take price much lower!!!
My (3) options at this point are:
1. WXYXZ pattern - (previous chart)
2. Ending diagonal - (this chart)
3. Fractal pattern
Regards!
Will price reverse higher from this range or simply drop lower? So, as I see it, if price can reverse from this range, then this option would certainly be on the table, as well as our fractal pattern that we have been tracking...there is evidence mounting that it could reverse here!! If it cannot, then we can expect the WXYXZ pattern would take price much lower!!!
My (3) options at this point are:
1. WXYXZ pattern - (previous chart)
2. Ending diagonal - (this chart)
3. Fractal pattern
Regards!