Monday, October 02, 2017 5:59:57 PM
The future IPIX rally.
In a first surge,1 dollar zone is an automatic resistance target. but the technical bleeding down zone is the zone from 1.08 to .68 and all the points in-between are technical target steps in the pre-news manipulation game.Real rally action is waiting for news.
What I think might happen, is that when the news results come into effect, we will see the technical manipulation subside, and a big rally surge will blast thru the technical manipulation zone (.70-1.00) and start targeting the real rally targets from 1.40-2.40 area. especially centered around the weekly 200ma at 1.80. I like all the targets at that zone. (1.70/1.80/1.90/2.00
but momentary resistance waits at 1.30/1.40/1.50 etc.... and the Pre-News,technical manipulation zone resistance waits at 85/90/95/1.00/1.05 area.
Volatile trading can slam it down when it first hits 1 dollar,and the most critical key will be to see how support at 80 cent zone wins the battle or fails to hold. in the 80's,when the time comes. Right now, this waiting time in the 70 box is a launch pad,in my view. and when it does launch, we will see what support will hold, in the 80's,is my guess. sooner or later the rally surge will generate a new wave pattern, away from the 70 bottom, to target the 1.40-1.90 target zone. and IPIX will have its new day.
In a first surge,1 dollar zone is an automatic resistance target. but the technical bleeding down zone is the zone from 1.08 to .68 and all the points in-between are technical target steps in the pre-news manipulation game.Real rally action is waiting for news.
What I think might happen, is that when the news results come into effect, we will see the technical manipulation subside, and a big rally surge will blast thru the technical manipulation zone (.70-1.00) and start targeting the real rally targets from 1.40-2.40 area. especially centered around the weekly 200ma at 1.80. I like all the targets at that zone. (1.70/1.80/1.90/2.00
but momentary resistance waits at 1.30/1.40/1.50 etc.... and the Pre-News,technical manipulation zone resistance waits at 85/90/95/1.00/1.05 area.
Volatile trading can slam it down when it first hits 1 dollar,and the most critical key will be to see how support at 80 cent zone wins the battle or fails to hold. in the 80's,when the time comes. Right now, this waiting time in the 70 box is a launch pad,in my view. and when it does launch, we will see what support will hold, in the 80's,is my guess. sooner or later the rally surge will generate a new wave pattern, away from the 70 bottom, to target the 1.40-1.90 target zone. and IPIX will have its new day.
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