Hello Traders,
We have just completed a 123 structure and got rejected hard at the trend line (around mid 0.28 zone), which tells us that this move was more likely to just be a corrective one rather than the start to a reversal or at least a much bigger corrective wave.
I am expecting a hard to dump with 2 targets in mind. The first, to break the previous low of 0.21287. Second target, break-down towards just under 18 cents as this was the most reliable support zone before the parabolic run that happened back in December 2017.
Thumbs up & follow for more!
Good luck
We have just completed a 123 structure and got rejected hard at the trend line (around mid 0.28 zone), which tells us that this move was more likely to just be a corrective one rather than the start to a reversal or at least a much bigger corrective wave.
I am expecting a hard to dump with 2 targets in mind. The first, to break the previous low of 0.21287. Second target, break-down towards just under 18 cents as this was the most reliable support zone before the parabolic run that happened back in December 2017.
Thumbs up & follow for more!
Good luck
Comment:
Idea invalidated for now. Waiting for pattern to unfold to see what its trying to do! Will keep you posted.
