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Thursday, November 27, 2014 12:31:36 AM
I usually consider or look to see where volume started. Looks like based off the chart below, late June.
Look at the 1st week of July. That red Candle has a range it appears from .06 to .15 cents. That's a .09 cent range. 50% of .09 cents is .045 cents....so .045 + .06 (bottom of candle) puts us at .105 cent retracement.
There's other candles that can be considered as well, but interesting observation I thought I'd share :)
Also, interesting when considering when we test .025 area, weekly chart suggests we could spike up to .10 cent levels fairly quickly, just like we spiked down.
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