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Thursday, February 19, 2015 10:19:36 AM
The price is likely to move up if we punch through 1 cent unless there's volatility which can split us either down or up, but if we go down then there's also a chance we go up and maybe then we'll go sideways unless we go up so long as the chart says we're not going down.
But in all instances, the chart is saying we'll either go up or down unless we go sideways, at which point all bets are off since anything can happen at that juncture and the market will be less predictable than before.
Correct?
Krombacher
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