like you and others have said...this current technical ' top zone ' area,(2.45-3.30) is a tricky trading zone. Technical traders following indicators and wave patterns, will make decisions here, even last week at the previous 'top zone',(2.60 area)....and its possible we could see this rally momentum get tired and suddenly its 'wiley coyote' time.... and sellers could take profit. I took some profit here today. and last week at 2.58..early maybe, but , its more of a technical traders decision here.
I retain my core now to hold.
I suppose IF by strange technical trading ,price plunges or pulls back in waves, to retest the 2 dollar zone ...I shall buy some more.
Technically as far as tools can offer a vision....the double from the last bottom zone at 1.60 would target the 3.20 area asa wave completion for now.... The topping zone I was looking at a while back was all this area, from the old top at 2.45 to the 3.30 area, and anything in between, like right here . This move has gone Hyperbolic now....
its a little bit dangerous at this cliff edge....watch out for the road runner....thats all folks.....
I like the way the Ichimoku cloud shows the pullback target zone.
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