Thursday, December 01, 2016 8:19:02 PM
Canoe...I like to look at the Fibonacci targets to see how the technical pattern might play out.
This pullback target zone around the 200 ma is just the first target in the pullback. I like the lower targets, to watch for.
Watch the bounce now into the resistance shoulder zone around 7.30-7.40 area and see if it doesn't get hammered down again ,and maybe another 1 dollar downwave to the 6.36 target zone. maybe 6 dollars after that.
I don't know if it would do another downwave from this pattern but this could be the larger pullback in the bigger picture.
IF sentiment is very bullish on this equity, it might hold here at the 200ma, but IF its a game run by the wall street manipulators, we could see another downwave to target 6.40 and 6 dollars before its finished.
I like to follow the Fibonacci tracks.
This pullback target zone around the 200 ma is just the first target in the pullback. I like the lower targets, to watch for.
Watch the bounce now into the resistance shoulder zone around 7.30-7.40 area and see if it doesn't get hammered down again ,and maybe another 1 dollar downwave to the 6.36 target zone. maybe 6 dollars after that.
I don't know if it would do another downwave from this pattern but this could be the larger pullback in the bigger picture.
IF sentiment is very bullish on this equity, it might hold here at the 200ma, but IF its a game run by the wall street manipulators, we could see another downwave to target 6.40 and 6 dollars before its finished.
I like to follow the Fibonacci tracks.
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