Morning everyone. Thought I'd post a chart of wha
Post# of 15624
What we're looking for is the price objective before the next retrace.
" Upon breakout, the initial price objective is equal to the distance of the prior move added to the breakout point."
The distance of the last move was about $2.58 and I think our breakout point should be around where we are now. So $1.27 + $2.58 = $3.85. There will be some resistance points to breakthrough at about $1.50 and $1.70 but if history is any indicator, $3.85 is a real possibility, maybe even over shooting a bit.