Monday, January 23, 2017 4:44:48 PM
Big move from XRA today....
mathematic target points have been sharply on target track in this miner.
a reset from the orchestrated collapse,charting the same course now that it made last summer. now, the new approved water rights enter in play,to move the company forward,and today moves price. target picture looks easy enough to see.
Fibonacci math targets have been hit like magnets. the Elliott waves are sharp as well. today was a "wave 3" blast. target for this first wave rally looks like the 1.17 area. but maybe a "wave 4" slide when it bounces around the 200ma at 1.00-1.05 area soon. I expect to see the 80-85 area hold as support for the shallow wave 4 slide. completion around 1.15-1.20 area, then the "wave 2" pullback to retest the 80 area again. "wave 3" in the larger cycle picture retests the 1.50 top zone, ,"wave 4" slides sideways around 1.20-1.40 area, and the finished wave 5 in the larger cycle targets 2 dollars.
Its also possible this blast today could run some more thru the 200ma and resistance there, but I do want to be cautious now at this resistance zone. not to sell too much at resistance but watching it carefully. in case it does run to the higher targets above 1.20,like it did lasy summer. from this same 80 cent zone right to the 1.45 topping zone. I dont expect that same move here .but still watching as its possible could cut thru the overhead resistance.
These are the Elliott wave /Fibonacci tracks in the ongoing rally ...IF...that's what the upwave pattern does, IF the powers allow it... I like the way this chart looks .when the Elliott wave and Fibonacci patterns are sharp like this. it looks very precise and algorithmic. Whether the computer trading systems on wall street will initiate a glitch or a switch or throw a wrench of tricks into this pattern remains to be seen. but so far, so good.
I own XRA shares, and watched with interest the "pullback" technically it "should have stopped around 75-80 cents and not fallen as low as 66 cents, but that's what the Cartel does with miners. 66 cents was a good bargain on this chart picture. The double from there targets the 1.35 area, and there is a Fib target there. but the Fibonacci first wave "completion" target is the one around 1.17. This Fibonacci zone,from .97/1.07/1.17 is the retrace zone for the downwave. so its a battlezone around the 200ma at 1.00 area, starting now, after this big surge....the next pullback will be instructive to see how far back down it gets sold down...I'm expecting support to hold it above 85 area and generate the next wave rally continue to the 1.15-1.20 target zone as a completed "Wave 1"
and I expect to see the higher targets get retested at 1.45 topping zone, and the 2 dollar target eventually in 2017.
mathematic target points have been sharply on target track in this miner.
a reset from the orchestrated collapse,charting the same course now that it made last summer. now, the new approved water rights enter in play,to move the company forward,and today moves price. target picture looks easy enough to see.
Fibonacci math targets have been hit like magnets. the Elliott waves are sharp as well. today was a "wave 3" blast. target for this first wave rally looks like the 1.17 area. but maybe a "wave 4" slide when it bounces around the 200ma at 1.00-1.05 area soon. I expect to see the 80-85 area hold as support for the shallow wave 4 slide. completion around 1.15-1.20 area, then the "wave 2" pullback to retest the 80 area again. "wave 3" in the larger cycle picture retests the 1.50 top zone, ,"wave 4" slides sideways around 1.20-1.40 area, and the finished wave 5 in the larger cycle targets 2 dollars.
Its also possible this blast today could run some more thru the 200ma and resistance there, but I do want to be cautious now at this resistance zone. not to sell too much at resistance but watching it carefully. in case it does run to the higher targets above 1.20,like it did lasy summer. from this same 80 cent zone right to the 1.45 topping zone. I dont expect that same move here .but still watching as its possible could cut thru the overhead resistance.
These are the Elliott wave /Fibonacci tracks in the ongoing rally ...IF...that's what the upwave pattern does, IF the powers allow it... I like the way this chart looks .when the Elliott wave and Fibonacci patterns are sharp like this. it looks very precise and algorithmic. Whether the computer trading systems on wall street will initiate a glitch or a switch or throw a wrench of tricks into this pattern remains to be seen. but so far, so good.
I own XRA shares, and watched with interest the "pullback" technically it "should have stopped around 75-80 cents and not fallen as low as 66 cents, but that's what the Cartel does with miners. 66 cents was a good bargain on this chart picture. The double from there targets the 1.35 area, and there is a Fib target there. but the Fibonacci first wave "completion" target is the one around 1.17. This Fibonacci zone,from .97/1.07/1.17 is the retrace zone for the downwave. so its a battlezone around the 200ma at 1.00 area, starting now, after this big surge....the next pullback will be instructive to see how far back down it gets sold down...I'm expecting support to hold it above 85 area and generate the next wave rally continue to the 1.15-1.20 target zone as a completed "Wave 1"
and I expect to see the higher targets get retested at 1.45 topping zone, and the 2 dollar target eventually in 2017.
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