50% CORRECTION holding at this stage, would like to see it crack the downwards trend line (around .225 or so) forming the top of the flag.
after that there is a little possible resistance at .235 (fib level) but seeing as it has broken the flag it should be an indication that this is going to move to new highs.
the move should at the least mimic the recent one we saw from the low of .07cents, this will be inline with the 100% fib extension level of around 0.39
if the current correction pivot of 0.18c (orange elliptical) doesn't hold then we will see it coming down to test the .618 (purple/typical abc reversal band)
at the lower purple reversal band we would be looking for a candle reversal signal, with closes within that band to confirm support. so far though hoping current typical reversal at the orange band will hold and we see 0.18 last major support.
after that there is a little possible resistance at .235 (fib level) but seeing as it has broken the flag it should be an indication that this is going to move to new highs.
the move should at the least mimic the recent one we saw from the low of .07cents, this will be inline with the 100% fib extension level of around 0.39
if the current correction pivot of 0.18c (orange elliptical) doesn't hold then we will see it coming down to test the .618 (purple/typical abc reversal band)
at the lower purple reversal band we would be looking for a candle reversal signal, with closes within that band to confirm support. so far though hoping current typical reversal at the orange band will hold and we see 0.18 last major support.