123Tom's TA study group

[123tom]

not necessarily.
I would rather see it this way.... the MM's have been capping and controlling the price action in Both directions. BUT when we do get real chart shattering news, the next big rally could surge to 6.00 area ,then 8.00 area and even has larger cycle target zone at 13 area. BUT if the price manipulation control cycle still has time to cap and bleed it down, even if only for another week or two, then we could easily see any bounce from here get Capped and hammered back down, like it has been for the last several weeks. It will likely be very tricky timing and price surging , at just the right moment, or else premature surging that gets slammed back down if it happens too soon. Just like the last few rallies have done.
IF there's still enough time for the MM's to create one more cycle of surging to 5 and slamming down to 4, watch them do it. click for chart