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Posted On: 08/17/2020 12:14:17 PM
Post# of 153916
Yes anything above $2.87 last big spike low would be sort of a double bottom, preferably with lower volume this time which has been true so far, then prior upside scenarios are still valid.
The 2.87 low was a 3-wave correction from $10 ABC. Breaching that would make 5 down in weird shape a sign of weakness but doesn’t really fit the geometry. I’m still pretty sure 2.87 ended the major correction this is a minor if prolonged double bottom.
Scale proportions are messy Down from 6.8 It’s also possible 3.33 will be final low here. I’m not gonna be flipping out and waiting for $3.
The 2.87 low was a 3-wave correction from $10 ABC. Breaching that would make 5 down in weird shape a sign of weakness but doesn’t really fit the geometry. I’m still pretty sure 2.87 ended the major correction this is a minor if prolonged double bottom.
Scale proportions are messy Down from 6.8 It’s also possible 3.33 will be final low here. I’m not gonna be flipping out and waiting for $3.
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