that's a good explanation. thanks for that.
I understood it.learning now.
so if there wasn't much volume in that 4.60 slot,you think we could see a chance, that a plunge would be easier to happen if ,lets say price bled down to 4.70 and failed to hold there, we could see a plunge to 4.50...that might also make sense by seeing the 200ma at the 4.65 area now, it should meander along and reach the 4.70 area at some point...and lets say a downwave drops down to touch that 200ma,where it should bounce...but...IF we saw it fall thru the 200ma, it could become a plunge to 4.50 before the smoke clears.
So we have a target area around 4.90 and target around 4.70 and 4.50. Those are all key targets on my charts.
and a Pivot point at 4.90 as well.
so the lower target steps are on the chart .
The rally target steps that become resistance overhead....What does that look like to you now.?
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